Technique (MSTR) reported a fourth-quarter internet lack of $3.03 per share, in comparison with revenue of $0.50 per share a yr earlier.
The loss incurred as the corporate took an impairment cost on its 471,107 token bitcoin (BTC) holdings.
It has been an especially eventful week for Technique previous to the earnings, together with an upsizing within the firm’s most popular inventory providing and a reputation change simply hours in the past.
The agency just lately ended an extended string of bitcoin purchases and at the moment holds 471,107 tokens price roughly $45 billion.
The Monetary Stability Accounting Board (FASB) final yr applied a brand new honest worth accounting rule for corporates holding digital property. Use of the rule was voluntary by means of the tip of 2024, however will probably be required starting within the first quarter of this yr.
