Strategy Investors Drop Suit Over Crypto Accounting Change Hit

Strategy Inc. investors agreed to end their lawsuit alleging the self-described Bitcoin treasury downplayed the expected effects of an update to cryptocurrency accounting standards.

The lead plaintiffs and a shareholder who filed the initiating complaint are voluntarily releasing their claims against the former MicroStrategy Inc., according to a joint agreement. The dismissal, “but not absent class members’ claims, is with prejudice,” they told the US District Court for the Eastern District of Virginia on Thursday.

• An investor filed a proposed class action against Strategy, its billionaire executive chairman, and two top executives after the company said it had to ...