In summary
- A lawsuit against Bitcoin’s treasure strategy has been discarded.
- Like a different demand dismissed in August, this alleged suspicious accounting practices.
- Several demands against the strategy have been filed this year, Decipher previously reported.
Another demand for shareholders that alleges doubtful accounting practices in Bitcoin Treasury giant Strategy It has been withdrawn, they show the judicial documents.
The documents submitted on Wednesday show the discarded case, presented in June by the shareholders Abhey Parmar and Zhenqiu Chen, had alleged infractions of fiduciary duties, unfair enrichment, abuse of control and poor management in the company.
The dismissal occurs only weeks after a different class action demand that accuses the deceptive shareholders company about how the new accounting rules would affect its profitability. discarded. That demand, filed in May, was similar to that of June dismissed on Wednesday.
A number of law and shareholders signatures this year filed lawsuits against the company, claiming securities fraud for deceptive Bitcoin investment statements.
Experts said Decipher That it was not unusual for law firms to file identical lawsuits against a company, since they competed to become a main lawyer in a consolidated case.
The strategy, the microstrategy formulates, is the largest corporate owner in the world in Bitcoin, with a stash of 638,460 digital currencies worth $ 72.5 billion to Today prices.
The company used to sell data analysis software, but now buys and has Bitcoin and allows investors to buy shares of their shares that are quoted in Nasdaq (MSTR) to obtain exposure to cryptocurrency, calling itself a Bitcoin treasure company.
The co -founder of the company, Michael Saylor, went to Bitcoin in 2020, bought it and said it was the best way to store the value and save money from shareholders.
The strategy stock has been shot since then. The company was quoted for $ 14 First bought Bitcoin in August 2020 and is now quoted for $ 362, an increase of 2,160%.
The strategy in the past has had problems with regulators. In 2000, Saylor, who was CEO of strategy at that time, co -founder and director of Operations Sanjeev Bansal, and former financial director Mark Lynch established A case with the SEC, without admitting or denying the charges of exaggerating the income and profits of the company.
The three paid $ 10 million on the rise and $ 1 million in fines.
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