MicroStrategy Loses $670M in Q4
On Wednesday, MicroStrategy announced that it has rebranded as Strategy, maintaining its ticker symbol MSTR. The name change reflects the company’s focus on Bitcoin and artificial intelligence.
In its latest financial report, the company reported a loss of $3.03 per share, down from earnings of 50 cents the previous year, while revenue declined by 3% to $120.7 million. Analysts surveyed by FactSet had predicted a loss of 9 cents per share on $122.4 million in revenue.
There was a 48% decrease in subscription services revenue, but an 18.3% increase in product licenses and subscription services revenue.
CFO Andrew Kang highlighted the successful launch of STRK convertible preferred offering, raising $584 million, and the company’s largest quarterly increase in Bitcoin holdings, with 218,887 BTC added since the end of Q3. Strategy expects to see a 15% yield on their Bitcoin investments by 2025, resulting in an annual gain of $10 billion.
