Strategy reported a $14.5 billion unrealized loss in the first quarter as Bitcoin declined, yet the company continued accumulating the asset. The loss followed a 23% drop in Bitcoin’s price during the quarter, marking its weakest start since 2018. At the same time, Strategy recorded a pending income tax benefit of about $2.4 billion. Ad
The post Strategy Reports $14.5 Billion Loss in Q1 as Saylor Continues to Accumulate Bitcoin appeared first on CoinGape.
More Stories
Breaking: BitMine Makes Biggest ETH Purchase of The Year As BMNR Stock Price Recovers
Breaking: Polymarket to Launch Crypto Collateral Token Backed by Circle’s USDC
Prediction Markets Firm Kalshi Wins Big Appeal Against New Jersey