🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Strategy Corp and Mr. Saylor face a class-action lawsuit from investors over the profitability of Bitcoin investments.
MicroStrategy Inc. (formerly MicroStrategy) and co-founder and chairman Michael Saylor have been sued by investors in a class action lawsuit. The investors claim that the company made "materially false and misleading statements" regarding the profitability of its cryptocurrency Bitcoin (BTC) investment strategy.
According to multiple reports from U.S. media, investor Anas Hamza and others from California filed a lawsuit on the 19th in a federal court in Virginia. The complaint points out that Strategy Corp exaggerated the future profitability of Bitcoin investment strategies and the volatility risks of Bitcoin during the period from April 2024 to April 2025.
Strategy Co. will adopt the new accounting standard ASU 2023-08 in early 2025, valuing its held Bitcoin at fair value. Under the previous accounting treatment, only impairments during price declines were recognized, but the new standard requires that gains and losses from price fluctuations be immediately reflected in net income.
Investors claim that the company, while announcing a strong performance forecast based on indicators such as BTC yields, has concealed the potential for massive losses under fair value accounting.
The company stated in its SEC filing on Monday that it would "actively contest these claims" in response to the lawsuit. The company has recorded an unrealized loss of approximately 880 billion yen on its BTC assets for the first quarter.