MicroStrategy Inc. (MSTR)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of MicroStrategy Inc. (“MicroStrategy” or “the Company”) (NASDAQ: MSTR). Investors who purchased MicroStrategy securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether MicroStrategy and certain of its officers and/or directors have violated federal securities laws.
On January 20, 2022, MicroStrategy extended its two-day drop to 30% during a meltdown in bitcoin prices and after the SEC rejected its crypto accounting practices. MicroStrategy has taken out billions in debt to purchase 125,000 bitcoins at roughly $30,159, just 10% below bitcoin's current price of about $33,390. If bitcoin fell significantly below MicroStrategy's average cost basis for an extended time it could bankrupt the company. On January 24, 2022, MicroStrategy fell to just $319 per share during intra-day trading.
If you are aware of any facts relating to this investigation or purchased MicroStrategy shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.