Strategy Inc. Shareholders Settle Lawsuit Over Bitcoin Treasury Accounting

According to BlockBeats, shareholders of Strategy Inc. have agreed to settle a lawsuit that accused the company's management of downplaying the expected impact of changes in cryptocurrency accounting standards on its self-proclaimed 'Bitcoin treasury' business. The shareholders voluntarily dismissed the derivative lawsuit against current and former board members and executives, while retaining the right to refile the case. Judge Anthony J. Trenga of the U.S. District Court for the Eastern District of Virginia signed the joint agreement between the shareholders and some former leaders of MicroStrategy Inc., officially dismissing the case on Wednesday.