Strategy reports $3.03 GAAP loss per share for 2024 Q4
Bitcoin strategy firm Strategy (formerly known as MicroStrategy) reported a net loss of $3.03 per share for the fourth quarter of 2024, compared to earnings of $0.50 per share in the same period last year. The loss resulted from the company taking an impairment charge on its bitcoin holdings. As of December 31, 2024, the bitcoin position was 447,470, compared to the market expectation of 425,149 bitcoins. The company recently closed a series of bitcoin purchases and currently holds 471,107 bitcoins valued at approximately $45 billion. The U.S. Financial Stability Accounting Board (FASB) last year implemented a new fair value accounting rule for companies holding digital assets, the use of which is voluntary until the end of 2024 but will be mandatory starting in the first quarter of this year.
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