Strategy Posts $12.6B Quarterly Loss as Bitcoin Crash Wipes Out Paper Gains

Strategy, formerly known as MicroStrategy, has reported a staggering fourth-quarter net loss of roughly $12. 6 billion, ranking among the largest quarterly losses ever recorded by a U. S. public company.   The hit was driven almost entirely by unrealized losses on its Bitcoin holdings, underscoring how deeply the firm’s balance sheet is tied to crypto market movements … source: https://coinpedia.org/news/strategy-posts-12-6b-quarterly-loss-as-bitcoin-crash-wipes-out-paper-gains/