MicroStrategy Q1 net loss hits $53.1M but Bitcoin buying spree continues
As a researcher with a background in finance and accounting, I find MicroStrategy’s Q1 2024 financial results intriguing, given the company’s significant investment in Bitcoin (BTC). The net loss of $53.1 million and digital asset impairment loss of $191.6 million can be attributed to the marked-to-market decline in the value of Bitcoin during the quarter. … Read more