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A Bitcoin Giant Facing Justice: a Strategy Targeted by a Class Action in the United States
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The law firm Pomerantz pursues Strategy (ex-MicroStrategy) for exaggerating the benefits of its Bitcoin strategy between April 2024 and April 2025, minimizing the risks associated with the volatility of the BTC. At the center of the complaint: the adoption of the accounting standard ASU 2023-08, which Strategy would have used in a misleading way by masking 5.9 billion latent losses. The case highlights the risks of transparency for all companies…
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