Why are so many firms suing Strategy over its Bitcoin holdings?

Strategy is under scrutiny with multiple lawsuits alleging securities fraud tied to its Bitcoin investments. Allegations claim the company made misleading statements over an 11-month period, resulting in significant unrealized Bitcoin losses that impact their financials.

As firms compete to lead the consolidated lawsuit, they aim to attract the largest investors as plaintiffs. These legal challenges arise amid notable financial losses, highlighting a complex intersection of securities regulation and cryptocurrency investment.

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