Strategy to sell some Bitcoin after posting $12.7 billion Q1 loss as Saylor points to $5 billion Bitcoin gain

The story

Strategy reported a massive first-quarter loss after Bitcoin’s early-year drawdown overwhelmed its software revenue, even as Michael Saylor pointed to internal Bitcoin metrics showing continued gains in shareholder exposure. The company, formerly known as MicroStrategy, reported a net loss attributable to common stockholders of $12.77 billion, or $38.25 per diluted share, for the first quarter.
From the source
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The company’s BTC Gain metric is colliding with Wall Street forecasts for a first-quarter loss tied to Bitcoin’s drawdown.
Who and what
Key names and topics in this story: Strategy, Bitcoin, Saylor.
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