Previous close | 424.00 |
Open | 419.00 |
Bid | 394.00 |
Ask | 412.00 |
Strike | 1,020.00 |
Expiry date | 2026-01-16 |
Day's range | 419.00 - 428.00 |
Contract range | N/A |
Volume | |
Open interest | 87 |
First Quarter Performance Highlighted by Revenue Decline and Increased Operating Expenses
(Bloomberg) -- Michael Saylor’s decision back in 2020 to start buying Bitcoin has paid off in spades this year for the co-founder and executive chairman of MicroStrategy Inc. Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesYen Sparks Intervention Suspicion After U-Turn From 1990 Lows
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.