The main plaintiffs and an investor have voluntarily dismissed their demand against the Bitcoin Treasury Company strategy, permanently ending the case, according to a judicial presentation obtained by Cointelegraph. The measure represents a possible victory for cryptographic treasury companies, with a standing strategy as the largest player in the industry.
According to a presentation of the Court on Thursday, two main plaintiffs, Michelle Clarity and Mehmet Cihan Unuso, and an investor that represents other shareholders, presented the stipulation for dismissal.
“The dismissal with respect to the claims of the co-leaders and the claims of Anas Hamza, but not absent from the claims of the class members, is prejudice,” says the judicial document. In addition, “the action has not been certified as a class action.”
The dismissal with prejudice means that “the plaintiff does not receive a second bite in the apple: they cannot amend the complaint and refilate the lawsuit. The case has ended and cannot submit again in the same court, or any court, with the same claim,” said Brandon Ferrick, general advisor of Duoro Labs, to Cointelegraph.
The demand for Hamza against the strategy was initially presented in May 2025. In a matter of weeks, at least eight law firms entered, trying to register dissatisfied investors.
Complaints against the strategy were similar in all demands, claiming that the company and the defendants made deceptive statements about the profitability and risks of their digital asset investments in Bitcoin (BTC).
The strategy began to accumulate Bitcoin in August 2020 and holes 632,457 BTC for a value of $ 68.4 billion in this letter, according to Bitcintrease.net.
Related: Bitcoin Treasury Flops: These companies lost their BTC bets
Cryptographic Treasury companies diversify beyond Bitcoin
Since the company began buying BTC, cryptographic treasury companies have emerged in different industries, accumulating a variety of digital assets. Popular cryptocurrencies that now appear in corporate balances include Ethher (ETH), Solana (Sol), BNB (BNB) and Tron (TRX).
The cryptographic lawyer Tyler Yagman, associated in the Ferraro law firm, previously told Cointelegraph that transparency is key to cryptographic treasury companies.
“Now we are seeing an appearance of Treasury companies based on cryptography that operate as actively administered ETF, but in a structure of the company … The management team must be as transparent as humanly possible and as direct as it is humanly possible, because it is dealing with a market segment that is known to be volatile.”
According to Google Finance, the price actions price has remained largely unchanged on Friday, decreasing -0.8% in line with the Nasdaq index.
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