4 months ago
Strategy (MSTR) reported a fourth-quarter nett nonaccomplishment of $3.03 per share, compared to income of $0.50 per stock a twelvemonth earlier.
The nonaccomplishment incurred arsenic the institution took an impairment complaint connected its 471,107 token bitcoin (BTC) holdings. Those holdings are worthy much than $45 cardinal astatine bitcoin's existent terms conscionable supra $97,000.
For 2025, Strategy is targeting a dollar summation of $10 cardinal connected its bitcoin holdings.
It's been an highly eventful week for Strategy anterior to the earnings, including an upsizing successful the company's preferred banal offering and a name change conscionable hours ago.
The Financial Stability Accounting Board (FASB) past twelvemonth implemented a caller just worth accounting regularisation for corporates holding integer assets. Use of the regularisation was voluntary done the extremity of 2024, but volition beryllium required opening successful the archetypal 4th of this year.
Shares are down marginally successful aft hours action. They fell a spot much than 3% successful regular commercialized contiguous arsenic bitcoin dipped to the $97,000 level.
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