Strategy Inc.'s $8.32 Billion <b>Bitcoin</b> Loss Puts Investors on Edge
Strategy Inc.'s investors have been left wondering what's next for the largest buyer of Bitcoin after a tumultuous period. The firm, led by co-founder and chairman Michael Saylor, has paused buying Bitcoin for five weeks.
In its quarterly earnings report scheduled to be released Thursday, Strategy Inc. will provide insight into the next steps for the company's Bitcoin strategy. Earlier this month, the firm reported an $8.32 billion loss on digital assets in the three months ending June 30.
The recent quarter saw Bitcoin fall by 14%, and its price dropped over 45% at the end of June compared to a year earlier.