@philipstrade

Strategy Investors Pull Back Class Action Suit Over Bitcoin Accounting Revision – Details Investors in the prominent Bitcoin treasury company Strategy Inc. have withdrawn a proposed class action lawsuit that accused the company and its executives of misleading shareholders about the risks tied to its Bitcoin-focused investment approach and a recent accounting rule change. Bitcoinist has reported that plaintiffs led by Anas Hamza filed a class action suit in the US District Court for the Eastern District of Virginia, against Strategy Inc., co-founder Michael J. Saylor, Chief Executive Officer Phong Le, and Chief Financial Officer Andrew Kang as defendants. https://bitcoinist.com/strategy-investors-pull-action-bitcoin-accounting/

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