Strategy to “sell some Bitcoin” after posting $12.7 billion Q1 loss as Saylor points to $5 billion Bitcoin gain
Make CryptoSlate preferred on Strategy reported a massive first-quarter loss after Bitcoin’s early-year drawdown overwhelmed its software revenue, even as Michael Saylor pointed to internal Bitcoin metrics showing continued gains in shareholder exposure. The company, formerly known as MicroStrategy, reported a net loss attributable to common stockholders of $12.77 billion, or $38.25 per diluted share,...
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