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Finance

MicroStrategy’s Bitcoin Blitz: Why Saylor’s Strategy Is Doubling Down and Defeating Lawsuits

MicroStrategy’s Saylor signals more Bitcoin buys amid lawsuit dismissal. Firm’s Bitcoin strategy continues, holding $68.6B.

byAndres Castro

August 31, 2025, 10:06 PM

Executive Summary

Strategy (formerly MicroStrategy) CEO Michael Saylor signaled further significant Bitcoin purchases, continuing the company’s aggressive digital asset treasury strategy.

Strategy successfully had a class-action lawsuit, which challenged its digital asset accounting practices, dismissed “with prejudice.”

The dismissal of the lawsuit removes a significant legal overhang for Strategy and could set a precedent for other corporations holding Bitcoin as a treasury reserve.

The Story So Far

Strategy (formerly MicroStrategy) has long pursued an aggressive, Bitcoin-centric treasury strategy, extensively funding digital asset acquisitions through equity markets, which recently faced a class-action lawsuit challenging its fair-value accounting practices for digital assets; however, the dismissal of this lawsuit “with prejudice” has removed a significant legal impediment, validating its accounting approach and reinforcing its ability to continue its robust Bitcoin accumulation strategy.

Why This Matters

Strategy’s continued aggressive Bitcoin accumulation, signaled by CEO Michael Saylor, indicates ongoing institutional buying pressure for the cryptocurrency, potentially influencing market dynamics. The dismissal of a class-action lawsuit “with prejudice” removes a significant legal challenge, validating Strategy’s Bitcoin-centric treasury model and potentially setting a precedent that could encourage other corporations to adopt digital assets. This dual development solidifies Strategy’s position as a leading corporate Bitcoin holder and reinforces the viability of its long-term digital asset strategy.

Who Thinks What?

MicroStrategy, led by Michael Saylor, is committed to an aggressive Bitcoin accumulation strategy, viewing the digital asset as “on sale” and funding purchases through equity markets while asserting its MSTR shares outperform major tech stocks.

Investors who filed a class-action lawsuit initially alleged that MicroStrategy misled shareholders regarding the benefits of fair-value accounting for digital assets, but later dismissed their claims with prejudice.

The dismissal of the class-action lawsuit removes a significant legal challenge for MicroStrategy and could establish a precedent for other corporations holding Bitcoin as a treasury reserve.

Michael Saylor, CEO of MicroStrategy (now Strategy), has signaled further significant Bitcoin purchases, reinforcing the company’s aggressive digital asset treasury strategy, even as the firm successfully navigated the dismissal of a class-action lawsuit that had challenged its accounting practices. The developments underscore Strategy’s continued commitment to its Bitcoin-centric model and remove a notable legal overhang.

Bitcoin Accumulation Strategy Continues

Saylor recently posted a chart from the independent “Saylor Tracker” platform on August 31, depicting Strategy’s historical Bitcoin holdings, accompanied by the comment, “Bitcoin is still on sale.” This type of social media activity has historically preceded formal purchase announcements from the company.

Observers note a pattern of new Bitcoin purchase disclosures filed every Monday for the past three weeks, suggesting this trend could extend into September. Strategy’s last reported acquisition involved adding 3,081 BTC at a cost of $356.87 million, equating to an average price of $115,829 per coin.

This recent purchase elevated the company’s total Bitcoin reserves to 632,457 BTC, with an estimated current value of $68.6 billion. The firm has largely funded its extensive Bitcoin acquisitions through equity markets, raising $5.6 billion in initial public offerings (IPOs) in 2025 alone, representing approximately 12% of all U.S. listings for the year.

Despite this aggressive fundraising, Strategy asserts that its MSTR shares have consistently outperformed the so-called “Magnificent Seven” technology stocks on a year-over-year basis.

Legal Overhang Removed

Coinciding with Saylor’s latest Bitcoin signal, Strategy also saw the withdrawal of a class-action lawsuit that had been pending since May. The lawsuit, filed by investors, alleged that the company had misled shareholders by overstating the benefits of adopting fair-value accounting for its digital asset holdings, which allows digital assets to be marked at market prices each quarter.

Bloomberg reported that the plaintiffs dismissed the case “with prejudice,” a legal term indicating that they are barred from refiling the same claims in the future. This decision eliminates a significant legal challenge for Strategy and could establish a useful precedent for other corporations holding Bitcoin as a treasury reserve.

Reinforcing a Dual Approach

By simultaneously signaling further Bitcoin accumulation and resolving a key legal dispute, Strategy has solidified its dual approach of leveraging capital markets to acquire digital assets while defending its innovative Bitcoin-as-treasury model. The events reinforce the company’s position as a leading corporate Bitcoin holder and its long-term strategy in the digital asset space.