MicroStrategy’s Q1 BTC loss of $14.5 billion, continued using high-interest preferred stock financing to buy Bitcoin
MicroStrategy announced that it would add to its holdings by purchasing 4,871 bitcoins for $330 million, bringing its total holdings to 766,970 bitcoins, but its average cost is already higher than the market price, and its first-quarter loss reached $14.5 billion. The company relies on preferred stock financing and faces pressure from the capital markets and the risk of asset valuation. Although its share price has rebounded slightly, its long-term outlook is still affected by the overall economy.
BTC4,74%
ChainNewsAbmedia·04-07 00:54
