Strategy Inc. (NASDAQ: MSTR) announced it reached a settlement agreement to dismiss a class action lawsuit filed against the company and its board of directors in Delaware Chancery Court.

The lawsuit, filed by David Dodge in July 2025, alleged that Strategy shareholders should have been allowed to vote on an amendment to the certificate of designations for the company's 8.00% Series A Perpetual Strike Preferred Stock under Delaware General Corporation Law. The plaintiff also claimed the board breached its fiduciary duty in connection with the alleged violation.

Under the March 12 settlement agreement, Strategy will seek shareholder approval to ratify the preferred stock amendment at its next annual meeting. The company agreed to pay $550,000 in plaintiff attorneys' fees and expenses. The lawsuit will be dismissed as moot with prejudice as to the plaintiff and without prejudice for other potential class members.

Strategy also reported that during the period from March 23 to March 29, 2026, it did not sell any shares under its at-the-market offering program and made no bitcoin purchases. As of March 29, 2026, the company held approximately 762,099 bitcoin acquired at an aggregate purchase price of $57.69 billion, representing an average purchase price of approximately $75,694 per bitcoin, inclusive of fees and expenses.

The information was disclosed in a Form 8-K filing under Regulation FD requirements.