The high-profile lawsuit against Bitcoin treasury giant Strategy has been officially dismissed, marking a significant victory for crypto treasury firms. According to a recent court filing, the plaintiffs and an investor group voluntarily ended the case, permanently closing the door on future legal action related to these claims.
Case Dismissed With Prejudice
The court filing states that lead plaintiffs Michelle Clarity and Mehmet Cihan Unlusoy, along with investor Anas Hamza, submitted a stipulation for dismissal. The filing confirms that “the dismissal with respect to Co-Lead Plaintiffs’ claims and Anas Hamza’s claims… is with prejudice.”
What does this mean? A dismissal with prejudice prevents the plaintiffs from refiling the same claim in any court, effectively ending the legal battle. “The case is over and cannot be re-filed on the same claim,” explained Brandon Ferrick, general counsel for Duoro Labs.
The lawsuit was originally filed in May 2025, accusing Strategy of misleading statements about profitability and risks tied to its Bitcoin investments. Within weeks, multiple law firms attempted to sign up dissatisfied investors, but the case never reached class-action status.
Strategy began accumulating Bitcoin in August 2020 and currently holds 632,457 BTC worth over $68.4 billion, according to BitcoinTreasuries.NET. This makes it the largest Bitcoin treasury company globally.
Impact on Crypto Treasury Companies
The dismissal could strengthen confidence in crypto treasury firms, which operate similarly to actively managed ETFs but within a corporate structure. Transparency remains key, according to crypto attorney Tyler Yagman:
“Management teams need to be as transparent as humanly possible because the crypto market is highly volatile,” Yagman emphasized.
A Growing Trend: Diversification Beyond Bitcoin
Since Strategy began its Bitcoin accumulation strategy, more firms have joined the movement, adding other cryptocurrencies to their balance sheets. Popular holdings now include:
This diversification trend shows how crypto treasury companies are evolving beyond Bitcoin-only strategies.
Following the lawsuit’s dismissal, Strategy’s stock price remained largely stable, slipping just 0.8% in line with the Nasdaq Index on Friday, according to Google Finance.
The end of this case not only represents a win for Strategy but also signals growing legal resilience for crypto treasury firms amid regulatory scrutiny and investor skepticism.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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