Is Strategy facing another class action lawsuit? What is the sanctity of Rosen Law Firm? MSTR wants to sell Bitcoin to survive? Is the BTC collapse just around the corner?? It seems that strategy is what we talk about when house leakage happens all night long. In the last two days, the decline of bitcoin: native is not complained about by Nakamoto Cong most, but Michael Saylor, his MSTR and preferred stocks including STRC. That's not all, a law firm called Rosen Law Firm has also started publicly soliciting a class action lawsuit against Strategy. This news looks quite scary. Rosen Law Firm is soliciting investors who have bought MSTR, STRF, STRC, STRK, and STRD to investigate whether Strategy and management have made significant misleading statements about the company's business, Bitcoin treasury strategy, profitability, and the risks of leveraged buying Bitcoin. To put it simply, law firms are starting to look for people who have bought Strategy related securities and lost money, to see if they can organize a securities class action lawsuit around Strategy's public disclosure, financing structure, Bitcoin strategy, and preferred stock risks. But this matter needs to be clarified first. Rosen Law Firm's announcement to solicit investors does not mean that Strategy has committed fraud, Michael Saylor has violated the law, and it cannot be directly assumed that MSTR is about to sell Bitcoin and lose money. The operation mode of American securities litigation law firms is very mature. When a company's stock price falls, related securities fall, investors lose money, and market disputes become large, the law firm will issue announcements, open web pages, ask loss making investors to fill out forms, collect transaction records and loss information, and then judge whether there is a chance to organize formal litigation. Rosen Law Firm is not a small workshop for casually posting essays on the roadside. This company is very active in the field of securities class action litigation in the United States and has indeed made many settlement cases. Rosen Law Firm has initiated over 30 securities class action investigations in 2026 alone, PennyMac、Barclays、Lucid、BitGo、ADMA Biologics、Sportradar、Coty， Including the current Strategy, it was all written by Rosen Law Firm. But Rosen Law Firm is far from winning every battle. Class action lawsuits in the United States have always been a high screening industry. In the securities class action lawsuits resolved throughout 2025, 155 were dismissed and 79 were settled, which is nearly twice the number of dismissals and settlements. More importantly, the probability of a settlement in the case is far less than expected before the motion to dismiss is officially accepted. Only by truly surviving the rejection of the motion will it be easier to move towards reconciliation in the future. Rosen Law Firm has also had cases rejected by the court. For example, in the Axsome case, the court approved the defendant's motion to dismiss, but later only allowed the plaintiff to apply for a new amended complaint. So Rosen Law Firm's announcement can only indicate that they have seen a potential claim opportunity, but it cannot prove that Strategy is guilty or that they will definitely win this time. PS: Interestingly, Rosen himself also wrote in the Strategy announcement that past results cannot guarantee the same results in the future. Not to mention the long distance between the announcement and the actual outcome of a securities class action lawsuit. Basically, it takes three to five years. We need to have a formal indictment first, and then we need to define the period of investor damage, specifically accuse Strategy of misleading the market with certain statements, inadequate risk disclosure, and whether there can be a causal relationship between losses and these statements. It is very common for the entire process to drag on for several years, including the appointment of the chief plaintiff, rejection of the motion, disclosure of evidence, and settlement negotiations. More importantly, a large number of cases in US securities class action lawsuits are ultimately dismissed, and it is not necessarily the case that the company has a problem just because the law firm issues an announcement. So the biggest short-term impact of Rosen's incident is the sentiment and confidence of short-term investors. At present, the market is already concerned about the decline of Bitcoin, with MSTR's mNAV approaching or falling below 1, STRC falling below face value, preferred stock financing costs rising, and common stock ATM efficiency decreasing. At this time, Rosen Law Firm has come out to solicit investors, which is equivalent to cooking the already fragile market sentiment once again. Not only brittle, but also soft. I am not particularly interested in researching prices, and I am not trying to force my friends to go long on Bitcoin. I just feel that FUD does not provide any help to the current market. Whether you are short or long, it is unethical to generate profits by creating panic. End.