Legal Storm Over Strategy: Rosen Law Firm Launches Investigation — What's Behind the Stock Decline and Risks for STRC Holders
The Rosen Law Firm has officially announced the initiation of an investigation into Strategy (formerly MicroStrategy) and has invited investors who purchased the company's securities to join a potential class action lawsuit. This event immediately attracted market attention, given the scale of Strategy's influence on the crypto industry and its aggressive bitcoin accumulation strategy.
Lawyers are currently investigating whether Strategy and its management made misleading statements regarding key aspects of the business: the bitcoin storage strategy, actual profitability, and the risks associated with its model of actively accumulating the first cryptocurrency. Several types of securities have come under scrutiny: MSTR, STRF, STRC, STRK, and STRD. A dedicated page has already been created for affected investors to join the investigation.
Why STRC Raises the Most Concern
The greatest attention is focused on STRC — Strategy's perpetual preferred stock. Its decline and volatility have sparked a wave of comparisons with the collapsed Terra (LUNA) ecosystem. However, the platform Arkham recently issued an important clarification: these situations are fundamentally different.
Key difference: Strategy has no legal obligation to support the market price of STRC, unlike Terra's algorithmic stabilization mechanisms. As Arkham noted, "Saylor cannot lose funds due to a drop in STRC." The value of STRC is merely an indicator of how much the market believes in the continuation of dividend payments from the company.
However, Arkham analysts emphasize a significant risk for preferred stock holders: dividend payments remain at the company's discretion. "If Strategy runs into trouble, Saylor is not obligated to prioritize dividends for STRC shareholders," experts warn. According to calculations, maintaining the current payout order for STRC would require approximately $1.2 billion per year, calling into question the sustainability of the entire financial model under an unfavorable market scenario.
Caution: Rosen's Notice Is Not a Verdict
Renowned analyst Shanaka Anslem urges against dramatizing the situation. He emphasizes that the Rosen Law Firm's notice is a standard practice for client acquisition following a sharp stock decline, not evidence of fraud or regulatory violations. "There is no SEC lawsuit, no DOJ case. No lawsuit has been filed, no specific misrepresentations have been identified," he states, reminding that this is merely the beginning of an investigation into potential claims, not a lawsuit with confirmed allegations.
My expert opinion: The market is rightly concerned, but the current investigation should not be perceived as a verdict for Strategy. The main risk for the company is not legal, but financial: can it sustain dividend payments and its bitcoin strategy during periods of market weakness? This is the key question on which the long-term stability of its capital depends.