MicroStrategy Swings to Wider-Than-Expected Loss, Rebrands as ‘Strategy'
1. MicroStrategy expects wider-than-expected losses, reporting $670.8 million in Q4. 2. They purchased 218,887 bitcoins, totaling $20.5 billion increase in holdings. 3. MSTR rebrands as 'Strategy' and is expected to adopt fair value accounting in Q1. 4. Bitcoin's price has doubled, favoring MSTR due to its significant holdings. 5. 410,107 bitcoins held now valued at approximately $45.65 billion.