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MicroStrategy, now rebranded as "Strategy," reported a fourth-quarter net loss of $670.8 million, or $3.03 per share, compared to a profit of $89.1 million, or $0.50 per share, in the same period the previous year. Revenue decreased by 3% year-over-year to $120.7 million, missing analyst expectations.
During the quarter, the company made its largest-ever bitcoin acquisition, purchasing 218,887 bitcoins for approximately $20.5 billion. As of December 31, 2024, Strategy held a total of 447,470 bitcoins, valued at about $41.8 billion.
Looking ahead, Strategy has set a 2025 target to achieve an annual "BTC Yield" of more than 15% and introduced a new performance metric, aiming for a "BTC $ Gain" of $10 billion. The company plans to adopt fair value accounting for its bitcoin holdings starting in the first quarter of 2025.
In January 2025, Strategy issued 7.3 million shares of 8.00% Series A Perpetual Strike Preferred Stock, raising approximately $563.4 million. The company also announced a redemption of all $1.05 billion in aggregate principal amount of its 0.0% Convertible Senior Notes due 2027, with the redemption date set for February 24, 2025.
As of February 2, 2025, Strategy holds 471,107 bitcoins, acquired for about $30.4 billion, averaging $64,511 per bitcoin.
The company continues to focus on its bitcoin acquisition strategy while managing its financial operations to support this approach.
2025-02-06
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