💥 Strategy just got hit with a securities investigation.

$MSTR, $STRC, $STRK, $STRF, $STRD — all of it under Rosen Law's radar.

Everyone's calling it ambulance chasing.

As a lawyer and Bitcoin maxi, I think they're wrong.

👉 Every Thursday I publish a build in public post about The Bitcoin Act. But I had to talk about this news.

$STRC — Saylor's preferred stock — just crashed 19% BELOW its $100 par value.

And that triggers a brutal contract clause:

Every time it falls below $95 → dividend rate auto-ratchets UP +0.5%.

Strategy is paying more to borrow. In a bear market. While BTC bleeds.

Now Rosen Law is asking:

👀 Did Strategy give investors "materially misleading business information"?

As a lawyer, 2 things I'm watching:
1. Did the prospectus disclose how brutal this ratchet gets in a real bear?
2. Were preferred investors ever told the "never sell" narrative could silently break?

#Bitcoin survives this. Obviously.

But this is a precedent-setting moment for every corporate Bitcoin treasury that comes after Saylor.

Ambulance chasing or the beginning of a real legal reckoning? ⁉️

Drop your take 👇