Strategy Shareholders Drop Board Suit Over Crypto Accounting Hit

Strategy Inc. stockholders agreed to end their lawsuit alleging its management let the self-described Bitcoin treasury downplay expected impacts of a cryptocurrency accounting standards change.

The shareholders are voluntarily relinquishing their derivative action targeting current and former board members and executives, but with the ability to refile. Judge Anthony J. Trenga signed their joint stipulation with certain leaders of the former MicroStrategy Inc., dismissing the lawsuit Wednesday from the US District Court for the Eastern District of Virginia.

• This dismissal follows the dropping of similar claims against Strategy, its billionaire executive chairman, and two top executives
• Stockholders sued after Strategy ...