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Strategy's sinking stock and $12 billion quarterly loss puts the policy of 'don't ever sell your bitcoin' to the test
The value of Strategy's bitcoin holdings is now below the company's market cap, which the company's CEO has said could lead to bitcoin sales Bitcoin's selloff means Strategy is now losing money on its holdings, which it has been accumulating for nearly six years. Shares of Strategy sank to near a two-year low on Thursday and kept on falling after hours as the company, the largest corporate holder of bitcoin, reported a fourth-quarter loss of more than $12 billion. Strategy (MSTR), technically still a software company, is deeper in the red in the current quarter with the sharp selloff in bitcoin (BTCUSD). The company ... (full story)
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