US EditionShort-Seller Andrew Left Blasts Michael Saylor's 'Bitcoin Reactor' As Q4 Losses Mount: 'More Jargon...More Nonsense' - Strategy (NASDAQ:MSTR)
Strategy posted a $17.4 billion operating loss due to unrealized bitcoin losses, marking one of the largest quarterly losses by a U.S. public company, with $12.6 billion net loss to shareholders.
- On Wednesday, Strategy, the bitcoin treasury firm, posted a roughly $17.4 billion loss as a-10.94% bitcoin pullback erased tens of billions.
- Having bought during the late-2024 rally, Strategy's bitcoin holdings, acquired at an average of $76,000, faced a nearly 15% drop from roughly $73,100 to $62,400, flipping gains to over $9.2 billion loss.
- Net loss attributable to common shareholders was $12.6 billion, shares of Strategy opened near $120 and slipped to roughly $102 after-hours, while Strategy remains the largest corporate holder with 713,502 BTC.
- A Messari researcher earlier estimated roughly $17.4 billion in fourth-quarter losses, placing the quarter alongside those by AIG, Fannie Mae and Freddie Mac; just four months ago, the company held more than $31 billion in unrealized gains.
- Continued bitcoin weakness into early February implied roughly another $14 billion in unrealized losses, pushing mark-to-market declines toward $31 billion since year-end and dropping Strategy's stock over 70%.
31 Articles
31 Articles
Why Strategy Stock Collapsed And Then Rebounded This Week
Key PointsBitcoin's price is falling, leading Strategy to report huge losses on its Bitcoin treasury investments. The company has raised tons of money, but now trades at a discount to its Bitcoin holdings. If you want to get long Bitcoin, just buy the actual cryptocurrency instead. 10 stocks we like better than Strategy › Shares of Strategy (NASDAQ: MSTR) -- the company formerly known as MicroStrategy -- fell as much as 25.5% this week, accordin…
How bitcoin's crash battered Michael Saylor's Strategy, in 3 charts
DOMINIC GWINN/Middle East Images/AFP via Getty ImagesAs a proxy for bitcoin, Michael Saylor's Strategy sees its stock rise and fall with the top crypto.The largest corporate holder of bitcoin reported a $12 billion loss for the fourth quarter.Its stock has tumbled alongside bitcoin's price over the last several months.For a while there, it looked like Michael Saylor's bitcoin-hoarding business software firm had cracked some secret code.Investors…
While the bitcoin has received the $60,000, all companies that have invested part of their cash in cryptos now have latent losses.
Short-Seller Andrew Left Blasts Michael Saylor's 'Bitcoin Reactor' As Q4 Losses Mount: 'More Jargon...More Nonsense' - Strategy (NASDAQ:MSTR)
Citron Research founder Andrew Left renewed his aggressive short campaign against Strategy Inc. (NASDAQ:MSTR) on Thursday, dismissing the company's complex
Strategy Loses Billions on Massive Bitcoin Hoard
Strategy alchemist-in-chief Michael Saylor posted four letters to X yesterday as the bitcoin holding company’s stock plummeted alongside the digital asset it has stockpiled: “HODL,” meaning “Hold On for Dear Life.” Shares in the company, formerly called MicroStrategy, suffered double-digit declines yesterday as bitcoin, which it owns more than 713,000 of, dipped below $64,000. After the bell, Strategy shared a net loss of more than $12 billion.…
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