MicroStrategy's latest financial report reveals: In just one week, they purchased 7,390 Bitcoins and are facing a class-action lawsuit accusing them of misleading investors.

The technology company MicroStrategy (NASDAQ: MSTR), which advances in both enterprise intelligence and cryptocurrency investment, submitted its latest Form 8-K current report to the U.S. Securities and Exchange Commission (SEC) on May 19, 2025. This report not only reveals its latest Bitcoin investment trends and fundraising results but also discloses an emerging class-action lawsuit, accusing the company and its executives of violating securities laws and misleading investors.

Raised over $700 million in a week, the ATM project is proceeding at full speed.

MicroStrategy successfully raised approximately $765 million through two "At-the-Market" (ATM) programs from May 12 to May 18:

Common Stock ATM Program (MSTR): Sold 1,712,708 shares, netting $706 million, and currently has the potential to issue shares worth up to $18.98 billion.

Preferred Stock ATM Program (STRK): Sold 621,555 shares, raising nearly 59.7 million USD, with a remaining issuance capacity of 20.79 billion USD.

The two projects will launch in May and March of 2025, respectively, with a target fundraising amount of 21 billion USD each.

A week of shopping for 7,390 Bitcoins, with a total holding of more than 570,000 coins.

After the funds were in place, MicroStrategy quickly invested the proceeds into the Bitcoin market. According to reports, the company increased its holdings by 7,390 Bitcoins in just one week, with a total expenditure of 765 million dollars and an average purchase cost of about 103,498 dollars per coin.

As of May 18, 2025, MicroStrategy holds a total of 576,230 Bitcoins, with a total purchase cost of 40.18 billion USD and an average cost of 69,726 USD per coin. This also solidifies the company's position as one of the publicly listed companies with the largest holding of coins globally.

Facing lawsuits from investors, accusing of concealing risks and losses.

Just as big moves were being made to buy coins, MicroStrategy also faced legal challenges. On May 16, 2025, an investor named Anas Hamza filed a class action lawsuit in the Eastern District of Virginia Federal Court against MicroStrategy itself, as well as Chairman Michael Saylor, CEO Phong Le, and CFO Andrew Kang.

The complaint states that these executives are suspected of violating Sections 10(b) and 20(a) of the U.S. Securities Exchange Act, as well as related SEC regulations, by disseminating misleading information or intentionally concealing significant risks associated with Bitcoin strategies, resulting in losses for investors.

Particularly concerning is that the lawsuit specifically mentions the new accounting standards (ASU 2023-08) on the impairment treatment of crypto assets, which may lead to more significant losses in financial reports, and the company has not adequately disclosed this risk.

Company statement: We will actively respond to the lawsuit.

Regarding the lawsuit, MicroStrategy stated that it will "vigorously defend" itself, and it is currently impossible to estimate the potential outcome or the extent of related losses. The company has not provided further comments on this lawsuit, but emphasized that it will respond in accordance with the law.

This article reveals that MicroStrategy's latest financial report shows the company purchased 7,390 Bitcoins in just one week and is facing a class action lawsuit for allegedly misleading investors. It first appeared in Chain News ABMedia.