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The company earlier on Wednesday changed its name to Strategy as its primary focus for some time has been bitcoin, not software.
By James Van Straten, Helene Braun|Edited by Stephen Alpher
Updated Feb 5, 2025, 9:23 p.m. UTCPublished Feb 5, 2025, 9:08 p.m. UTC
What to know:
- The company formerly known as MicroStrategy reported a Q4 net loss of $3.03 per share.
- Strategy chose not to adopt a new FASB rule for fair value accounting on its digital asset holdings, but plans on doing so beginning in the first quarter of 2025.
Strategy (MSTR) reported a fourth-quarter net loss of $3.03 per share, compared to income of $0.50 per share a year earlier.
Story continues
The loss incurred as the company took an impairment charge on its 471,107 token bitcoin (BTC) holdings. Those holdings are worth more than $45 billion at bitcoin’s current price just above $97,000.
For 2025, Strategy is targeting a dollar gain of $10 billion on its bitcoin holdings.
It’s been an extremely eventful week for Strategy prior to the earnings, including an upsizing in the company’s preferred stock offering and a name change just hours ago.
The Financial Stability Accounting Board (FASB) last year implemented a new fair value accounting rule for corporates holding digital assets. Use of the rule was voluntary through the end of 2024, but will be required beginning in the first quarter of this year.
Shares are down marginally in after hours action. They fell a bit more than 3% in regular trade today as bitcoin dipped to the $97,000 level.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
Helene is a New York-based news reporter at CoinDesk, covering news about Wall Street, the rise of the spot bitcoin exchange-traded funds (ETFs) and updates on crypto exchanges. She is also the co-host of CoinDesk’s Markets Daily show on Spotify and Youtube. Helene is a recent graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
