MicroStrategy Rebrands As ‘Strategy’, Reports Q4 Net Loss Of $670m
06 Fevereiro 2025 - 8:54AM
IH Market News
Bitcoin stacking company Strategy (NASDAQ:MSTR), which has just
rebranded from its former name of MicroStrategy, has reported a net
loss of $670.8 million for the fourth quarter.
The company reported fourth quarter revenue of $120.7 million, a
3% year on year fall. Meanwhile it said it had bought an additional
218,887 Bitcoin, bringing its holdings to 471,107 Bitcoin, worth
over $45 billion, the largest of any corporation in the world.
Strategy’s expenses for Q4 rose almost 700% year on year to $1.1
billion as it commenced its “21/21 Plan”, which targets $42 billion
in capital over the next three years, split equity and fixed-income
securities, to buy more Bitcoin. The company said it had already
completed $20 billion of that $42 billion capital plan, funding its
Bitcoin purchases largely through senior convertible notes and
debt.
Strategy CEO and president Phong Le said the firm is already
“significantly ahead” of its initial timeline and is
“well-positioned to further enhance shareholder value by leveraging
the strong support from institutional and retail investors for our
strategic plan.”
Strategy’s share price fell 3.3% during the Feb. 5 trading day
to $336.70 and dropped another 0.72% in after-hours.
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