Rosen Law Firm Launches Investigation into Strategy: What Lies Behind the Class Action Lawsuit?
The Rosen Law Firm has officially announced the launch of an investigation into Strategy (formerly MicroStrategy) and has invited investors who purchased the issuer's securities to join a potential class action lawsuit. This event has become a significant signal for the market, given the company's central role in corporate bitcoin accumulation.
Lawyers are examining whether Strategy and its management published misleading statements regarding key aspects of the business: the bitcoin storage strategy, the company's actual profitability, and the risks associated with the aggressive model of accumulating the first cryptocurrency. Several types of securities have come under the investigation's scope: MSTR, STRF, STRC, STRK, and STRD.
Investigation Details and Market Reaction
Particular attention is focused on the STRC instrument — Strategy's perpetual preferred stock. The most heated debates have erupted around this asset. Analytics platform Arkham recently commented on concerns that STRC could repeat the fate of the LUNA token from the Terra ecosystem, which collapsed in 2022. Arkham analysts emphasized that these situations are fundamentally different.
"Will STRC become the new LUNA? In short — not exactly," stated Arkham experts, noting that Strategy has no legal obligation to support STRC's market price, unlike the algorithmic stabilization mechanisms that doomed Terra. "STRC's value only shows how much the market believes in the continuation of dividend payments from Saylor," they added.
According to Arkham, the key risk for preferred stock holders is that dividend payments remain at the company's discretion. If Strategy faces financial difficulties, Michael Saylor is not obligated to prioritize dividends over other obligations. According to calculations, maintaining the current payout level for STRC requires the company about $1.2 billion per year — a substantial sum that calls into question the sustainability of the financing model in the event of deteriorating market conditions.
Analyst Opinion: No Need to Panic Prematurely
Renowned analyst Shanaka Anslem spoke out against hasty conclusions. He emphasized that the Rosen Law Firm's notice is a standard procedure for client acquisition following a sharp stock decline, not evidence of fraud or regulatory violations. "There is no SEC lawsuit, no DOJ case. No filed complaint, no specific misrepresentations," he noted, adding that this is merely the beginning of an investigation into potential claims, not a lawsuit with confirmed allegations.
Expert Comment: The launch of the Rosen Law Firm investigation is more a reflection of market nervousness and volatility surrounding Strategy's instruments than evidence of gross violations. However, it highlights a fundamental vulnerability in the model: the company's dependence on a constant influx of capital through stock issuance to sustain its bitcoin strategy. As long as the market believes in Saylor and bitcoin, the system works. But any failure in this mechanism could trigger a chain reaction, and it is precisely this risk that is currently under close scrutiny by lawyers and investors.