Michael Saylor’s Strategy Has Another Loss Before Accounting Shift Kicks In

Bitcoin treasury company changed its name from MicroStrategy
Firm had $1 billion impairment charge for Bitcoin holdings

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Monique Mulima

February 5, 2025 at 9:13 PM UTC

Updated on

February 5, 2025 at 11:08 PM UTC

This article is for subscribers only.

Michael Saylor’s Strategy, the new name announced earlier today for MicroStrategy Inc., had a fourth consecutive quarterly loss as the company registered a $1 billion impairment charge against its Bitcoin holdings.

The Tysons Corner, Virginia-based enterprise software company turned leveraged Bitcoin proxy had a net loss of $670.8 million, or $3.03 a share. Revenue from the software operation fell 3% to $120.7 million, the company said in a statement Wednesday.