Reported about 7 hours ago
Strategy, formerly MicroStrategy, reported its fourth consecutive quarterly loss, citing a $1.01 billion impairment on its bitcoin holdings. Despite this, the company has significantly increased its bitcoin acquisition, completing purchases of 218,887 bitcoins worth $20.5 billion in the last quarter. The rebranding highlights a shift towards prioritizing bitcoin in its business model, as Strategy positions itself as a leading cryptocurrency holder while transitioning to fixed-income securities.
Source: YAHOO