Michael Saylor’s company, MicroStrategy, reported a significant Q1 loss of $4.2 billion, translating to $16.49 per share, primarily driven by the recent drop in Bitcoin prices. Despite this major setback, the firm remains committed to its Bitcoin investment strategy. In a bold move, MicroStrategy is planning to raise an additional $21 billion through an equity offering, with the intention of purchasing even more Bitcoin. This step highlights the company’s unwavering belief in the long-term value of $BTC reinforcing its position as one of the most aggressive institutional Bitcoin holders.
