Strategy posts $670 million quarterly loss, reports $1 billion operating loss, yet buys 218,887 Bitcoin to bring corporate holdings to 471,107 coins worth $45 billion

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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.

https://www.msn.com/en-us/money/companies/microstrategy-rebrands-as-strategy-reports-q4-net-loss-of-670m/ar-AA1ywxZ7

Strategy reported a GAAP operating loss of $1.016 billion, with non-GAAP operating losses reaching $997.1 million, primarily due to $1.006 billion in digital asset impairment losses. The company attributed these losses to fluctuations in Bitcoin prices and changes in accounting standards.

https://www.thestreet.com/crypto/markets/microstrategy-reports-massive-q4-2024-loss

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