Strategy (MSTR) reported a net loss of fourth quarter of $ 3.03 per year. Share compared to an income of $ 0.50 per Stock a year earlier.
The loss held as a company took a impairment on its 471,107 token Bitcoin (BTC) Holdings. These holdings are more than $ 45 billion worth Bitcoin’s current price just over $ 97,000.
For 2025, the strategy is targeted at a $ 10 billion dollar gain on its Bitcoin stocks.
It has been an extremely eventful week for strategy prior to earnings, including an increase in the company’s preferred stock offering and a name change just a few hours ago.
Financial Stability Accounting Board (FASB) last year implemented a new accounting rule for fair value for companies that have digital assets. Using the rule was voluntary through the end of 2024, but will be required from the first quarter of this year.
Shares are marginally down in action after hours. They fell a little more than 3% in regular trade today when Bitcoin dipped at the $ 97,000 level.