Strategy has faced at least five class-action lawsuits initiated by law firms for alleged securities fraud over its public statements related to Bitcoin investments, Internet reports. Many legal experts said that it is not uncommon for multiple law firms to compete for the status of leading plaintiff in such cases, and leading law firms can earn considerable legal fees. The lawsuit stems from Strategy's purchase of US$7.7 billion in Bitcoin in the first quarter of 2024, resulting in unrealized losses of nearly US$6 billion due to the decline in the currency price. Currently, Strategy has responded in an SEC filing that it will actively respond to the allegations, but cannot predict the outcome of the case.