Strategy Lawsuit Dismissed With Prejudice Could Ease Pressure on Bitcoin Treasury Firms

• Dismissal with prejudice prevents refiling

• Lead plaintiffs and an investor filed the stipulation to dismiss the Hamza suit against Strategy.

• Strategy holds 632,457 BTC (reported value $68.4 billion) per BitcoinTreasuries.NET.

Strategy lawsuit dismissal: Lead plaintiffs voluntarily dismissed claims with prejudice, ending the Hamza case against Strategy — learn implications for crypto treasuries.

What is the Strategy lawsuit dismissal?

The Strategy lawsuit dismissal refers to lead plaintiffs and a representative investor voluntarily dismissing their claims against Strategy, with dismissal “with prejudice” for co-lead plaintiffs and one investor. This legal outcome bars those plaintiffs from amending and refiling the same claims in any court.

According to a court filing reported by Cointelegraph, the stipulation notes the action was not certified as a class action and that some absent class members’ claims remain untouched.

How does a dismissal with prejudice affect plaintiffs and shareholders?

A dismissal with prejudice means the specific plaintiffs who agreed to the stipulation cannot refile the same complaint, removing their claims permanently. Brandon Ferrick, general counsel for Duoro Labs, explained that plaintiffs “do not get a second bite at the apple” — the same claim cannot be re-filed in the same or another court.

For shareholders, the dismissal reduces immediate litigation risk related to these particular plaintiffs, but it does not eliminate the possibility of other claims from absent class members or future derivative actions.

Timeline and context: The Hamza lawsuit was filed in May 2025. Within weeks, multiple law firms sought to represent dissatisfied investors. Complaints generally alleged misleading statements about profitability and investment risks tied to Strategy’s Bitcoin holdings.

Market snapshot: Strategy began accumulating Bitcoin in August 2020 and holds 632,457 BTC, valued at approximately $68.4 billion at this writing, per BitcoinTreasuries.NET. Public reporting of Strategy’s share price shows minimal movement on the dismissal news, broadly tracking index performance.

Why does this matter for crypto treasury companies?

Crypto treasury companies are increasingly visible as corporate holders of digital assets and face scrutiny over transparency and risk disclosure. Attorney Tyler Yagman, associate at The Ferraro Law Firm, noted that management teams must prioritize transparency because treasuries operate in volatile markets and can resemble actively managed ETF-like structures within company formats.

For industry peers, a voluntary dismissal with prejudice by lead plaintiffs can signal lowered class-action pressure in the short term but does not eliminate regulatory or investor scrutiny linked to disclosure practices.

Frequently Asked Questions

What does “with prejudice” mean in a lawsuit?

A dismissal “with prejudice” means the plaintiff cannot amend and refile the same claim; the case is closed on the merits for the dismissed parties and cannot be brought again by those plaintiffs.

Can absent class members still sue after this dismissal?

Yes. The stipulation noted the Action was not certified as a class action; absent class members’ claims may remain viable and could be pursued separately unless addressed by settlement or separate dismissal.

Key Takeaways

• Legal finality: Dismissal with prejudice bans refiling the same claim by those plaintiffs.
• Selective impact: Absent class members’ claims may still proceed; the action was not certified as a class action.
• Industry signal: Short-term relief for Strategy but ongoing incentives for transparency across crypto treasury firms.

How to interpret a dismissal with prejudice (step-by-step)

1. Confirm which plaintiffs’ claims are dismissed with prejudice.
2. Assess whether the case was certified as a class action; if not, other plaintiffs may still sue.
3. Monitor disclosures and regulatory filings for further actions or settlements affecting shareholders.

Conclusion

The Strategy lawsuit dismissal removes specific plaintiffs’ claims permanently while leaving potential claims from absent class members open. For crypto treasury companies, the outcome underscores the need for clear, consistent disclosure and governance as firms accumulate significant digital-asset holdings. Watch company filings and market disclosures for next steps.

A dismissal with prejudice means that the plaintiffs can’t amend the complaint and refile the suit, according to the general counsel for Duoro Labs.

Lead plaintiffs and an investor have voluntarily dismissed their lawsuit against Bitcoin treasury company Strategy, permanently ending the case, according to a court filing obtained by Cointelegraph. The move represents a potential win for crypto treasury companies, with Strategy standing as the industry’s largest player.

According to a Thursday court filing, two lead plaintiffs, Michelle Clarity and Mehmet Cihan Unlusoy, and an investor representing other shareholders, submitted the stipulation for dismissal.

“The dismissal with respect to Co-Lead Plaintiffs’ claims and Anas Hamza’s claims, but not absent class members’ claims, is with prejudice,” the court document reads. In addition, “the Action has not been certified as a class action.”

The dismissal with prejudice means that “plaintiff does not get a second bite at the apple — they cannot amend the complaint and refile the suit. The case is over and cannot be re-filed in the same court, or any court, on the same claim,” Brandon Ferrick, general counsel for Duoro Labs, told Cointelegraph.

The Hamza lawsuit against Strategy was initially filed in May 2025. Within weeks, at least eight law firms jumped in, trying to sign up unsatisfied investors.

The complaints against Strategy were similar across the lawsuits, alleging that the company and defendants made misleading statements about profitability and risks of its digital asset investments on Bitcoin (BTC).

Strategy started accumulating Bitcoin in August 2020 and holds 632,457 BTC worth $68.4 billion at this writing, according to BitcoinTreasuries.NET.

Crypto treasury firms have diversified beyond Bitcoin, with corporate balance sheets increasingly showing Ether (ETH), Solana (SOL), BNB (BNB) and Tron (TRX) among holdings. Transparency and clear disclosure remain central to investor confidence.

“We’re now seeing an emergence of crypto-based treasury companies that operate like actively managed ETFs, but in a company structure… management team needs to be as transparent as humanly possible and as direct as humanly possible, because you’re dealing with a market segment that is known to be volatile,” said Tyler Yagman, an associate at The Ferraro Law Firm, speaking to Cointelegraph.

According to Google Finance, Strategy’s share price has remained largely unchanged on Friday, declining -0.8% in line with the Nasdaq Index.

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