迈克尔·塞勒（Michael Saylor）的策略（以前是微型策略）上周在比特币上翻了一番，以7.65亿美元的价格购买了7390硬币。

接下来是集体诉讼，指责高管误导投资者与其加密货币较重的战略相关的风险。

Recently, Strategy, formerly known as MicroStrategy, made headlines for two significant developments. The firm, renowned for its bold treasury strategy focused heavily on Bitcoin, announced the purchase of 7,390 coins last week. This acquisition, valued at $765 million, was part of a broader funding initiative that also saw Strategy sell shares and issue convertible preferred stock.

最近，策略（以前称为微型策略）成为两个重大发展的头条新闻。该公司以其大胆的国库策略而闻名，重点关注比特币，上周宣布购买了7,390个硬币。这笔收购价值为7.65亿美元，是一项更广泛的资金计划的一部分，该计划还看到了策略出售股票并发行可转换优先股。

According to recent SEC filings, these funds were used to buy BTC on May 18 and 19 at an average price of $103,500.

根据最近的SEC文件，这些资金用于5月18日和19日，平均价格为103,500美元。

This purchase contributes to Strategy’s impressive cryptocurrency holdings, which now amount to 576,230 BTC, valued at over $59.2 billion. The company's year-to-date Bitcoin yield stands at 16.3%, reflecting gains from the cryptocurrency’s 20% monthly surge.

这次购买促成了战略令人印象深刻的加密货币持有，现在价值576,230 BTC，价值超过592亿美元。该公司的年初比特币收益率为16.3％，这反映了加密货币每月20％的增长。

Moreover, Strategy's realised profit from its BTC investment is estimated at over $19.2 billion, considering an average buy price of $69,726 for its coins.

此外，考虑到其硬币的平均买入价格为69,726美元，战略从其BTC投资中实现的利润估计超过192亿美元。

Earlier this month, Strategy executives hinted at the possibility of more crypto purchases. In response to a question about the company's hiring plans, Saylor stated that Strategy is actively seeking "strategic talent and acquisitions to expand our capabilities."

本月早些时候，战略高管暗示可能购买更多加密货币。在回答有关公司招聘计划的问题时，塞勒说，战略正在积极寻求“战略人才和收购来扩大我们的能力”。

However, alongside this optimism, a class-action lawsuit was filed against Strategy executives, including Saylor, CEO Phong Le, and CFO Andrew Kang, on Friday. The suit, which was filed by plaintiff Anas Hamza and is being handled by the law firm Pomerantz LLP, claims that executives misled investors about the risks involved in Strategy's pivoting strategy.

但是，在这种乐观态度之外，周五，对包括Saylor，Phong Le和CFO Andrew Kang在内的战略主管提起了集体诉讼。该诉讼是由原告Anas Hamza提起的，并由Pomerantz LLP律师事务所处理，他声称高管误导了投资者有关策略策略策略所涉及的风险。

The lawsuit, which was filed in Virginia federal court, asserts that Strategy executives failed to fully disclose the increased risks associated with Bitcoin investments following the introduction of new accounting rules for crypto assets in 2025. These rules, which were part of a broader overhaul of Generally Accepted Accounting Principles (GAAP), require companies to report their crypto assets at fair value and recognize any changes in value in net income.

The plaintiff's lawyer stated, "After Congress passed the new tax law in December 2024, which drastically altered the tax implications of holding crypto derivatives for more than 12 months, and as the macroeconomic outlook shifted in 2024, rendering Strategy's claims of Bitcoin serving as an inflation hedge false, the true volatility and liquidity risks associated with Strategy's crypto-heavy investment strategy became apparent."

原告的律师说：“在国会于2024年12月通过了新的税法之后，该法案彻底改变了持有加密衍生品超过12个月的税收影响，并且随着2024年宏观经济的外观发生了变化，使策略的策略与真实的波动性策略相关联，使比特币的策略与策略相关联，使得比特币的索赔变得相关。

The lawsuit further alleges that Strategy overstated the profitability of its Bitcoin strategy while attempting to conceal the potential for significant losses. It claims that executives made "false and misleading statements" about the company's financial condition and prospects, inducing investors into paying "artificial and inflated prices for Strategy's shares."

该诉讼进一步声称，战略夸大了其比特币战略的盈利能力，同时试图掩盖巨大损失的潜力。它声称，高管对公司的财务状况和前景做出了“虚假和误导性的陈述”，从而促使投资者向战略的股票支付“人为和夸张的价格”。

The complaint cites a 23% drop in Strategy’s stock price from a 52-week high of $843.74 on January 4. It is alleged that the stock price decline was triggered by a reported $1.2 billion unrealised loss on Strategy’s Bitcoin holdings in Q1 2024, which was disclosed on March 1.

该投诉引用了1月4日的52周股价下跌23％的股票价格，据称股票价格下跌是由据报道，据报道，股票价格下跌是由据报道是由12024年第1季度策略比特币持有的12亿美元未实现的损失触发的，该股票的损失是在3月1日披露的。

The class-action suit seeks restitution for investors who purchased Strategy shares between February 2023 and March 2024. It aims to recover any unlawful gains reaped by the executives through their alleged actions.

集体诉讼为在2023年2月至2024年3月之间购买战略股份的投资者寻求赔偿。它的目的是收回高管通过所谓的行动获得的任何非法收益。

In response to the lawsuit, a spokesperson for Strategy said, "The company has no knowledge of any wrongdoing by its executives and intends to vigorously defend itself against these claims."

为了回应诉讼，战略发言人说：“该公司不知道其高管的任何不当行为，并打算强烈捍卫自己免受这些主张的辩护。”

Reactions to the lawsuit were swift and varied. One noted DeFiLlama developer, 0xngmi, expressed surprise at the suit, deeming it to be without merit. He pointed out that Strategy is open about its strategy, which involves leveraging on Bitcoin, and that investors were aware of the risks.

对诉讼的反应迅速而多样。一位著名的Defillama开发人员0xngmi对诉讼表示惊讶，认为这是没有优点的。他指出，关于其战略的策略是开放的，该战略涉及利用比特币，并且投资者意识到了风险。

On X, 0xngmi wrote, "This is some next level buyers remorse. People knew exactly what they were investing in. It’s a company that’s making a huge bet on Bitcoin, and they’re very transparent about it."

在X上，0xngmi写道：“这是一些下一级买家的re悔。人们确切地知道他们在投资的东西。这是一家对比特币大量下注的公司，他们对此非常透明。”

However, short-sellers have been critical of Strategy’s treasury management strategy, which involves taking on debt to fund its Bitcoin buys, arguing that it could ultimately destabilise shareholders.

但是，卖空者一直批评战略的国库管理策略，该战略涉及承担债务以资助其比特币购买，并认为它最终可能会破坏股东的稳定。

Despite the lawsuit, Strategy’s stock price rose by 8% in after-hours trading following the announcement of the new bitcoin purchase. This suggests that investors may still be optimistic about the company's long-term prospects.

尽管提起诉讼，但在宣布新比特币购买后，战略的股价在下班后交易中上涨了8％。这表明投资者可能仍然对公司的长期前景感到乐观。

"This lawsuit is a test of how regulators will view corporate crypto disclosures in an era of decentralized finance and rapid technological change," said analyst Clara Mertens. "It will also determine the level of protection afforded to investors who invest in companies with unconventional investment strategies."

分析师克拉拉·梅尔滕斯（Clara Mertens）表示：“这项诉讼是对监管机构如何在分散财务和快速技术变革时代的公司加密披露的测试测试。” “这还将确定投资具有非常规投资策略的公司的投资者所提供的保护水平。”

As one of the most bullish institutional investors in Bitcoin, Strategy has been a subject of both praise and criticism for its cryptocurrency-heavy treasury strategy. The company began investing in

作为比特币最看涨的机构投资者之一，战略一直是其加密货币繁重的财政策略的赞美和批评的主题。该公司开始投资