Reported 1 day ago
MicroStrategy Inc. has rebranded itself as 'Strategy,' focusing on bitcoin and artificial intelligence, but its recent fourth-quarter earnings report showing a $670.8 million loss has led to a 9% drop in the MSTU ETF. Despite increasing its bitcoin holdings to 471,107 through significant purchases, the company's financial struggles and potential risks from bitcoin's volatility could challenge its market position and investor confidence.
Source: YAHOO