Strategy shareholders withdraw board lawsuit against cryptocurrency accounting standards

BlockBeats News, on September 11, Strategy Inc. shareholders agreed to end a lawsuit accusing the company's management of allowing its business, which calls itself "Bitcoin Treasury" to downplay the expected impact of changes in cryptocurrency accounting standards, Bloomberg reported. Shareholders voluntarily waive shareholder derivative lawsuits against current and former board members and executives, but reserve the right to re-invest the lawsuit. Judge Anthony J. Trenga of the U.S. District Court for the Eastern District of Virginia has signed a joint agreement between shareholders and some former MicroStrategy Inc. leaders and formally dismissed the case Wednesday.