Rosen Law Firm has launched an investigation into Strategy Inc. and founder Michael Saylor over possible securities violations tied to misleading business practices. The probe, announced June 25, 2026, comes as the company faces scrutiny over its aggressive Bitcoin accumulation strategy, which has left it holding 846,842 BTC.
Strategy raised billions through stock offerings and other instruments to fund its treasury, betting on Bitcoin’s long-term rise to offset dilution. However, a recent decline in both Bitcoin’s price and the company’s shares has fueled investor anxiety. In early June 2026, the firm bought 1,550 BTC for $101.3 million at an average of $65,332 per coin, partially funded by $181 million in stock sales. It also sold 32 BTC to cover dividends.
Michael Saylor, the public face of this approach, has long championed Bitcoin as a fiduciary necessity. The firm’s model has inspired dozens of corporate imitators.
The investigation raises concerns about potential forced selling of the massive Bitcoin position, which could disrupt the broader crypto market if legal or capital structure pressures demand liquidation.