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MicroStrategy stock dives as investors weigh steep Q1 loss

MicroStrategy, the world's largest corporate holder of bitcoin, reported a wider-than-expected loss in Q1, but highlighted the benefits of its capital...

By: Seeking Alpha

May 06 2024
2
3712 Views

Even though bitcoin (BTC-USD) surged nearly 70% in Q1, MicroStrategy turned in a wider-than-expected loss for the three-month period as current accounting rules resulted in a large impairment charge against the value of its bitcoin stash. MSTR droppe... [2056 chars]

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