The lead plaintiffs and one investor voluntarily withdrew the lawsuit against the Bitcoin treasury company Strategy, and the case has been permanently terminated, according to court documents obtained by Cointelegraph. This move may be a victory for industry-leading companies like Strategy.
According to court documents from Thursday, lead plaintiffs Michelle Clarity and Mehmet Cihan Unlusoy, along with investors representing other shareholders, submitted a dismissal agreement.
Documents indicate that the dismissal of the claims against the lead plaintiffs and Anas Hamza was biased, and that the case has not been certified as a class action.
Brandon Ferrick, legal counsel for Duoro Labs, stated that a biased dismissal means that 'the plaintiffs can no longer amend the case and refile. The case is closed, and no further claims can be brought in the same or any court on the same issues.'
Hamza's lawsuit against Strategy was initially filed in May 2025, and within weeks, at least eight law firms joined in an attempt to represent dissatisfied investors.
The complaints against Strategy are similar to other lawsuits, accusing the company of making misleading statements regarding the profitability and risks of its Bitcoin digital asset investments. Since August 2020, Strategy has been accumulating Bitcoin and currently holds 632,457 BTC, worth approximately $6.84 billion.
Crypto treasury companies diversify beyond Bitcoin
Since the company began acquiring BTC, crypto treasury companies have emerged across various industries, hoarding multiple digital assets. An increasing number of companies' balance sheets now include cryptocurrencies such as ETH, SOL, BNB, and TRX.
Crypto lawyer Tyler Yagman stated that transparency is crucial for crypto treasury companies. He emphasized that the management team should strive for transparency due to the highly volatile market they operate in.
According to Google Finance, Strategy's stock price remained essentially unchanged on Friday, in line with the Nasdaq index, down 0.8%.
