Hello speculators ...Strategy, the largest bitcoin holding company, reported on Thursday a fifth consecutive quarterly loss due to an unrealized loss on its cryptocurrency holdings.
Bitcoin reached record levels after Donald Trump's victory in the November 2024 presidential election, propelling Strategy's stock to a record high, which earned it a place in the Nasdaq 100 index in December.
However, a wave of large-scale tariffs announced by Trump has since destabilized global markets, reducing risk appetite and potentially prompting investors to shy away from cryptocurrency markets.
Michael Saylor's company Strategy, formerly MicroStrategy, reported a quarterly loss of $5.91 billion on its digital assets due to a bitcoin price of $82,445 at the end of the quarter.