MicroStrategy Records 8th Consecutive Quarterly Loss After $198M BTC Impairment Charge
American business intelligence company MicroStrategy has recorded another quarterly loss after calculating the value of its Bitcoin portfolio.
MicroStrategy’s Michael Saylor Questions Charlie Munger’s Knowledge on Bitcoin
Michael Saylor, the Executive Chairman of MicroStrategy, stated that Charlie and other prominent business leaders are constantly being asked for their opinion on Bitcoin (BTC), despite the fact that they have zero to no knowledge about the flagship cryptocurrency.
MicroStrategy's Bitcoin Bet Backfires: Reports Massive Fourth Quarter Loss – Here's What You Need to Know
Bitcoin (BTC) bull Michael Saylor’s big bet may be about to backfire for his company MicroStrategy, after the firm on Thursday reported a massive loss for the fourth quarter of last year.
MicroStrategy Stock Soars 100% in 2023 As Firm Bought 8,800 BTC During 2022 Crash
Enterprise business intelligence (BI) software vendor MicroStrategy (NASDAQ: MSTR) purchased over 8,800 Bitcoin (BTC) during the massive plunge the cryptocurrency market suffered in 2022, whereas its stock more than doubled since the year’s turn, a new report has shown.
MicroStrategy’s Bitcoin Holdings Were Valued at $2.2B in Q4 2022
Andrew Kang, CFO of Microstrategy, said that the company increased its total Bitcoin holdings to approximately 132,500 BTC during the fourth quarter of 2022. That amount had a market value of $2.194 billion at the end of the quarter on Dec. 31, 2022.
MicroStrategy Books Impairment Charge of $197.6M on Bitcoin Holdings in Q4
MicroStrategy (MSTR) posted a digital asset impairment charge of $197.6 million on its bitcoin (BTC) holdings in the fourth quarter, up from a $727,000 charge in Q3.
MicroStrategy Expected to Report Profit Despite Down Quarter for Crypto
MicroStrategy reports fourth quarter results Thursday with the company expected to turn a profit after several down quarters even as revenue comes in slightly lower than a year earlier.
MicroStrategy Expected To Report Profit Despite Down Quarter for Crypto: Preview
MicroStrategy reports fourth quarter results Thursday with the company expected to turn a profit after several down quarters even as revenue comes in slightly lower than a year earlier.
Group One Purchases 13.5% of MicroStrategy’s Share
Options market maker Group One purchased 13.5% of MicroStrategy’s share, according to a Jan. 10 SEC filing. The trading firm holds roughly 1.3 million shares of MicroStrategy. The filing did not state the amount the shares were purchased. Following the news, the Michael Saylor-led firm shares rose 8.57% to $190 as of press time. MicroStrategy’s share MSTR had declined by more than 70% in the past year due to the broader market decline that saw Bitcoin trade at record lows. (cryptoslate)
MicroStrategy Sells 13.5% Stake to Trading Firm Group One
Trading firm Group One bought a 13.5% stake in MicroStrategy.
