The lawsuit against Bitcoin treasury firm Strategy was dismissed as court documents revealed insufficient evidence. Shareholders previously claimed breaches of fiduciary duties, mirroring a case dismissed earlier in August.
Strategy’s shift to Bitcoin investments has significantly benefited its stock price, which soared from 14 USD to 362 USD, reflecting a staggering 2,160% increase since August 2020. Currently, the firm holds over 68 billion USD in Bitcoin.
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