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Exit (Micro)Strategy š
Bitcoin-happy software firm MicroStrategy made a splash with its rebrand as Strategyāand dropped its Q4 earnings hours later, with a net loss of $670.8 million for the quarter.
Stephen Graves
February 06, 2025
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š What you need to know
MicroStrategy is no more: the software firm set tongues wagging with a splashy announcement that it was rebranding as simply āStrategy,ā with co-founder and Bitcoin bull Michael Saylor touting the name as āone of the most powerful and positive words in the human language.ā
While Crypto Twitter was busy debating the rebrand (and making the same joke over and over) the company dropped its Q4 earnings report, posting a net loss for the quarter of $670.8 million, an order of magnitude larger than the $89.1 million loss posted for the same period in 2023.
Still, Saylor may yet have the last laugh, with its expenditures going towards growing its vast Bitcoin stockpileāpurchased for an average price of $62,503 at the end of 2024, and now worth just shy of $100,000 a pop.
š¬ Quote of the Day
āItās only digital gold if it has a use. If it doesnāt have a use, itās just paper. Not paper, itās air, not even air.ā
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