现在被重新命名为战略的MicroStrategy再次在金融市场上引起轰动。

该公司以持有比特币的最大企业藏匿而闻名，他正面临着一项集体诉讼，指控会计惯例误导会计。

MicroStrategy, now rebranded as Strategy and known for holding the largest corporate stash of Bitcoin, is facing a class action lawsuit alleging misleading accounting practices.

MicroStrategy现在被重新命名为战略，并以持有比特币的最大企业藏匿处而闻名，他正面临着一项集体诉讼，指控会计措施误导会计行为。

The company is also continuing to buy more Bitcoin.

该公司还继续购买更多比特币。

What Happened: Pomerantz LLP has launched a class action lawsuit against Strategy, executives and accounting firm concerning updated accounting rules for digital assets.

发生了什么：Pomerantz LLP涉及有关数字资产的更新会计规则的战略，高管和会计师事务所的集体诉讼。

The suit arises from new reporting standards mandated by Accounting Standards Update (ASU) No. 2023-08, which took effect in December 2024.

该诉讼源于会计标准更新（ASU）第2023-08号的新报告标准，该标准于2024年12月生效。

This standard requires firms to report the fair market value of Bitcoin on their balance sheets.

该标准要求公司在资产负债表上报告比特币的公平市场价值。

According to the lawsuit, Strategy "downplayed the risks posed by the new accounting standard."

根据诉讼，战略“淡化了新会计标准带来的风险”。

The company's financial reporting allegedly led to a $5.91 billion fair-value loss on its Bitcoin investment, which was "not disclosed to shareholders."

据称，该公司的财务报告导致其比特币投资造成了59.1亿美元的公平价值损失，这“没有向股东透露”。

The suit claims that Strategy's executives "made false and/or misleading statements and/or failed to disclose material facts and/or failed to state facts clearly."

该诉讼声称，战略的高管“做出了虚假和/或误导性陈述和/或未能披露重大事实和/或未能清楚地陈述事实”。

Pomerantz said it is investigating "on behalf of a class of all persons or entities who purchased or otherwise acquired Strategy securities between January 1, 2024, and April 7, 2025."

Pomerantz表示，它正在调查“代表一类在2024年1月1日至2024年4月7日之间购买或以其他方式购买或以其他方式获得的战略证券的所有人或实体进行调查。”

The suit, filed in the Eastern District of Virginia on 18 May, also notes that Strategy used proprietary, non-GAAP metrics such as "BTC Yield" and "BTC $ Gain."

该诉讼于5月18日在弗吉尼亚州东区提起，还指出，战略使用了专有的非GAAP指标，例如“ BTC产​​量”和“ BTC $增益”。

The plaintiffs argue that these terms were not standard financial indicators and may have presented an inflated view of the company's profitability.

原告认为，这些条款不是标准的财务指标，并且可能对公司的盈利能力提出了夸张的看法。

This approach appeared to unravel on 7 April, when the $5.9 billion impairment loss became public.

这种方法似乎在4月7日瓦解，当时59亿美元的减值损失公开了。

MSTR shares fell 8.67 percent that day. By 1 May, earnings reports confirmed the blow to the company's books, and investors responded negatively.

当天，MSTR股价下跌8.67％。到5月1日，收益报告确认了对公司账簿的打击，投资者对此做出了负面的回应。

While the firm's defenders point to long-term Bitcoin appreciation and innovation in digital asset strategy, the lawsuit raises questions about regulatory compliance and transparency.

尽管该公司的捍卫者指出了数字资产战略中的长期比特币欣赏和创新，但该诉讼提出了有关监管合规性和透明度的疑问。

Accounting experts have noted that non-GAAP metrics must be used carefully, especially when they contradict or obscure established accounting principles.

会计专家指出，必须仔细地使用非GAAP指标，尤其是当他们与已建立的会计原则相矛盾或晦涩难懂时。

See More: Best Cryptocurrency Classes and Courses

查看更多：最佳加密货币课程和课程

What Next: Despite the financial hit and legal threats, Strategy has shown no sign of shifting its strategy.

下一步：尽管有财务打击和法律威胁，但战略并未显示出改变其战略的迹象。

In its latest filing on 19 May, the company disclosed that it had acquired an additional 7,390 BTC for $764.9 million.

该公司在5月19日的最新文件中透露，它以7.649亿美元的价格收购了7,390 BTC。

The average price paid was $103,498 per coin, and the purchase was financed via an at-the-market (ATM) equity offering and the issuance of Series A STRK preferred stock.

支付的平均价格为每枚硬币103,498美元，购买是通过市场上的股票（ATM）股票提供资金，并发行了A Series A Strk优先股。

This brings its total holdings to 576,230 BTC at a new average cost of $69,726.

这将其总持股量提高到576,230 BTC，新平均成本为69,726美元。

The latest purchase, announced shortly after the lawsuit was filed, is among the largest single-month acquisitions by Strategy this year.

在提起诉讼后不久宣布的最新购买是今年策略中最大的一次性收购之一。

Its actions will likely be closely watched by other corporations that are navigating the transition to fair-value reporting for their digital assets.

其他公司可能会密切关注其行动，这些公司正在向过渡到其数字资产的过渡到公平价值报告。

This could have implications for how firms disclose investment risks and maintain shareholder communication in the face of significant macroeconomic shifts.

这可能会对企业如何披露投资风险并在面对宏观经济转变的情况下维持股东沟通。

Strategy's May filing suggests that it is continuing to accumulate Bitcoin despite the legal threat.

战略五月的申请表明，尽管有法律威胁，但仍将继续积累比特币。

Chairman Michael Saylor has consistently positioned Bitcoin as "digital gold" and a long-term asset class, and his earlier comment — "My formula for success is rise early, work late, and buy Bitcoin" — appears to be guiding the company's actions.

董事长迈克尔·塞勒（Michael Saylor）一直将比特币定位为“数字黄金”和长期资产类别，他的早期评论 - “我的成功公式是早起，工作迟到和购买比特币” - 似乎正在指导公司的行动。

However, the lawsuit could reshape how other corporations approach digital asset reporting.

但是，诉讼可以重塑其他公司如何处理数字资产报告。

Related Link: Elon Musk's Risky Bitcoin Bet: Unpacking The Unlikely Narrative

相关链接：埃隆·马斯克（Elon Musk）的风险比特币下注：解开不太可能的叙述

The views and opinions expressed are those of the author and do not necessarily reflect the views, products, or services of Benzinga.

表达的观点和观点是作者的观点，不一定反映了本辛加的观点，产品或服务。