The Bitcoin Business Intelligence Company, which is now renamed as a strategy, is multiplied on its bold BTC betting despite the huge quarterly loss.
As evidence of its commitment to its first strategy, the company officially Rename Castle on February 5, adopting a new name and logo that includes an enmified Bitcoin symbol.
However, stock stocks on the Nasdak Stock Exchange are still Mstr.
According to the company, its primary color is now orange, which he said represents energy, intelligence and bitcoin.
The brand rename comes as well as a comprehensive reform of its official location and the launch of new goods.
The founder and CEO Michael Sailor said this step “represents our endeavor.”
$ 670 million in net loss
Hours later, the US -based company has also published its headquarters Profit reportWhich has a mark on a net $ 670.8 million for a quarter of 2024.
It translates into $ 3.03 per share, which is a sharp contrast with $ 89.1 million profits that I mentioned in the same quarter of the previous year.
The fourth quarter losses are determined by the fourth consecutive decline in the strategy, as the largest blow to a decline of $ 1.01 billion in Bitcoin’s possessions.
It is worth noting, in the previous quarter, the weakness of the same period was only 39.2 million dollars in 2023.
Weak fees indicate the accounting expenses recorded by companies when the value of assets decreases significantly and is unlikely to be recovered.
Since Bitcoin is originally incalcous under the current accounting rules, companies must report weakness in the event of a decrease in their market value below the purchase price.
However, they cannot mark the bitcoin reserve value if they recover later unless he sells it.
The strategy pledged to address the impact of weak value losses by adopting fair value accounting starting from the first quarter of 2025.
With this approach, the company will be able to reflect the actual market value of Bitcoin in its financial data and reduce profit fluctuations.
The report did not sit well with investors, and MSTR shares fell more than 3 % a day.
However, more than 576 % increased in the previous year, according to Google financing data.
The strategy continued to accommodate Bitcoin
However, strategic financial holes have not prevented from continuing the accumulation of aggressive bitcoin.
According to the profit report, she bought Bitcoin this quarter, adding 218,887 BTC for $ 20.5 billion.
Bitcontreasuries data shows that the company now owns 471,107 Bitcoin, which has been obtained at an average cost of $ 64,580 per coin.
Besides Bitcoin’s huge purchases, the Q4 expenses of the strategy increased by almost 700 % on an annual basis, reaching $ 1.1 billion.
This is largely due to the implementation of the “21/21 plan”, a capital breeding strategy to secure up to 42 billion dollars in financing over three years to support the purchases of its bitcoin.
20 billion dollars have already been secured through convertible notes and debts, with plans to raise the remaining amount through a mixture of fixed -income securities and stock financing next year.
Commenting on this topic, Phong Lee, President and CEO of the strategy, He said:
We look forward to the rest of 2025, we are in a good position to increase the enhancement of the value of shareholders by taking advantage of strong support from institutional investors and retail trade for our strategic plan.
As I mentioned earlier by Invezz, the recent purchase of the strategy witnessed that the company is getting BTC worth $ 1.1 billion before the purchase was stopped after 12 weeks.
Last week, Microstrategy did not sell any shared -shared shares of category as part of the market display program, and did not buy any Bitcoin. As of 2/2/2025, we HODL 471,107 $ BTC It was obtained for $ 30.4 billion in ~ 64,511 dollars per bitcoin. $ Mstr microstrategy.com/press/Microstr …
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