“Strategy Didn’t Add Bitcoin Last Week, Expects To Book $ 6b Loss on Holdings in Q1”, – WRITE: www.coindesk.com
Additionally, The Company to Report A Net Loss for the First Quarter Due to A $ 5.91 Billion Unreadized Loss On Its Bitcoin Holdings, Accounting To A Filing Moday Morning. This Follows the Adoption of New Accounting Rules Require Crypto Assets to Be Marked to Market. A $ 1.69 Billion Tax Benefit Is Expert To Partally Offset The Loss.
Strategy Raised A Total of $ 7.69 Billion During the Quarter, $ 4.4 Billion of that from Common Common Stock Sales and the Rest From Preferred Stock Issuance. MOST OLL OF Those Funds Were Wered to Purchase Bitcoin at Far Higher Prices than the Current $ 77,000.
Indeed, The Average Purchase Price on the Company 528,185 BTC Stack Stack Has Risen to Nearly $ 67,500, Meaning The Company Is Ahead Only About 14% On Its Holdings.
Mstr Shares Are Lower by 9% in Early Monday Action, Now Down by 10% Year-To-Date But Still AHEA 77% YEAR-OVER-YEAR.
Disclaimer: Parts of this Article Were Generated with the Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adherice Tour Standards. For more information, See Coindesk’s Full Ai Policy.
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