Its capital -raising efforts are likely to be touched amid the market in shock, the approach (MSTR) has not been added to its handles in Bitcoin (BTC) last week.
In addition, the company hopes to report a net loss for the first quarter due to a $ 5.91 billion that has not been realized in its handles in Bitcoin, According to a filing Monday morning. It follows the adoption of new accounting policies that require crypto assets marked in the market. A $ 1.69 billion tax benefit is expected to partially offset the loss.
The approach raised a total of $ 7.69 billion during the quarter, $ 4.4 billion from standard stock sales and the rest from the preferred stock issuance. Most or all of those funds were used to buy Bitcoin at a higher price than the current $ 77,000.
In fact, the average purchase price of the company’s 528,185 BTC stack rose to nearly $ 67,500, meaning the company had just preceded 14% of its holdings.
MSTR sharing is less than 9% in early Monday action, which now drops 10% year-to-date but still precedes 77% year-on-year.
Divinity: The parts of this article were formed with the help from the AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
