Strategy, formerly known as MicroStrategy, reported a Q4 net loss of $3.03 per share, a significant drop from a profit of $0.50 per share a year earlier. The loss was largely attributed to an impairment charge on its bitcoin holdings, which remain at 471,107 tokens valued at approximately $45 billion. This change comes as the company shifts its focus entirely to bitcoin, transitioning from its previous software-centric operations. Despite the financial setback, Strategy has decided to delay the adoption of a new FASB rule for fair value accounting for its digital assets until the first quarter of 2025. The company has ceased its recent trend of bitcoin acquisitions but continues to maintain its substantial holdings of the cryptocurrency, reflecting its investment strategy and commitment to the digital asset market.

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