Reported 1 day ago
Saylor's Strategy, the largest corporate holder of bitcoin, has reported its fifth consecutive quarterly loss of $5.91 billion due to declining cryptocurrency values amid turbulent market conditions. Following a temporary surge after Trump's election in 2024, the company experienced financial setbacks influenced by newly introduced tariffs. In response, it has announced a $21 billion equity offering aimed at further bitcoin acquisitions, while adjusting its accounting practices to accurately reflect its digital asset valuations.
Source: YAHOO