A class-action lawsuit against MicroStrategy over alleged misleading disclosures about its Bitcoin strategy has been officially withdrawn. This legal relief benefits both the company and investors. While there’s no immediate change in holdings, it could bolster investor confidence in MicroStrategy’s continued Bitcoin-centric approach. 📈 The lawsuit’s withdrawal removes a potential legal roadblock that may benefit institutional investment in Bitcoin strategies. Notably, despite this development, Michael Saylor, the company’s chief figure and advocate for Bitcoin holdings, hasn’t commented on the recent turn of events. 💬 The new accounting standards (ASU 2023-08) mandate fair-value reporting for digital assets. This could shape future disclosures for companies like MicroStrategy, reaffirming their commitment to Bitcoin as a part of their treasury approach.