According to court documents obtained by Cointelegraph, the main plaintiffs and an investor have voluntarily withdrawn their lawsuit against the Bitcoin treasury company Strategy, permanently ending the case. This move is a potential victory for the crypto treasury company, as Strategy is one of the largest players in the industry.
According to court documents filed on Thursday, the two main plaintiffs, Michelle Clarity and Mehmet Cihan Unlusoy, along with an investor representing other shareholders, submitted a dismissal agreement.
"The dismissal of the claims of the co-main plaintiffs and Anas Hamza is with prejudice, but does not include the claims of absent class members," the court documents stated. Additionally, "the lawsuit has not yet been certified as a class action."
Brandon Ferrick, General Counsel of Duoro Labs, told Cointelegraph that a dismissal with prejudice means "the plaintiffs will not get a second chance—they cannot amend the complaint and refile. The case is over and cannot be refiled in the same court or any court for the same claims."
The lawsuit against Strategy by Hamza was initially filed in May 2025. Within weeks, at least eight law firms intervened, attempting to sign up dissatisfied investors.
The complaints against Strategy in various lawsuits are similar, accusing the company and defendants of making misleading statements regarding the profitability and risks of their Bitcoin (BTC) digital asset investments.
Strategy began accumulating Bitcoin in August 2020 and currently holds 632,457 BTC, valued at $6.84 billion, according to data from BitcoinTreasuries.NET.
Since the company started purchasing BTC, crypto treasury companies have emerged across different industries, accumulating various digital assets. Popular cryptocurrencies now appearing on corporate balance sheets include Ether (ETH), Solana (SOL), BNB, and TRON (TRX).
Tyler Yagman, an attorney at Ferraro Law Firm, previously told Cointelegraph that transparency is key for crypto treasury companies.
According to data from Google Finance, Strategy's stock price remained relatively unchanged on Friday, down 0.8%, in line with the Nasdaq index.
Related: CryptoQuant: U.S. spot ETFs have now become a major source of Bitcoin (BTC) trading volume
Original article: “Investors Withdraw Class Action Against Bitcoin (BTC) Treasury Company Strategy, Permanently Ending Case”
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