Previous close | 89.17 |
Open | 89.17 |
Bid | 64.00 |
Ask | 72.80 |
Strike | 340.00 |
Expiry date | 2025-12-19 |
Day's range | 89.17 - 89.17 |
Contract range | N/A |
Volume | |
Open interest | 24 |
First Quarter Performance Highlighted by Revenue Decline and Increased Operating Expenses
MicroStrategy (MSTR) reported a net operating loss of $53.1 million, or $3.09 per share, in the first quarter after taking a digital asset impairment charge of $191.6 million, according to a Monday afternoon press release. While some had expected the company might adopt the new digital asset fair value accounting standard, and thus report a sizable profit thanks to bitcoin's {{BTC}} first quarter rally, the company elected not to do so. Speaking on the earnings call, CFO Andrew Kang said the company fully plans to adopt the new digital asset fair value accounting rule and is currently evaluating the best time to do so.
TYSONS CORNER, Va., April 29, 2024--MicroStrategy® Incorporated (Nasdaq: MSTR) ("MicroStrategy" or the "Company"), the largest corporate holder of bitcoin and the largest independent publicly-traded business intelligence company, today announced financial results for the three-month period ended March 31, 2024 (the first quarter of its 2024 fiscal year).