MicroStrategy’s Q1 2024: A Bitcoin Buying Spree Despite $53.1M Net Loss
MicroStrategy, a leading corporate Bitcoin (BTC) holder, reported a net loss of $53.1 million in Q1 2024, even as it continued to accumulate more Bitcoin. The loss was largely due to a $191.6 million digital asset impairment loss, a tenfold increase from the previous year. Despite a 5.5% drop in