Shareholders Settle Lawsuit Over Strategy Inc.’s Bitcoin Treasury Accounting

Shareholders of Strategy Inc. have reached a settlement with the company over allegations that its management downplayed the potential effects of cryptocurrency accounting standards changes on its self-proclaimed ‘Bitcoin treasury’ business. The lawsuit, filed as a derivative action against current and former board members and executives, has been voluntarily dismissed by the shareholders. They retain the right to refile the case. Judge Anthony J. Trenga of the U.S. District Court for the Eastern District of Virginia signed the agreement on Wednesday that officially ended the legal proceedings.