Microstrategy Just Lost Big

We all know the story of Microstrategy but if for whatever reason you don't it's a USA company owned by Michael J. Saylor. He's been HEAVILY investing in bitcoin with his company and has built a massive stockpile of it. However lately he's been making some rather large buys when honestly it feels like the top of the markets at the current moment.

In Q4 of 2024 Microstrategy reported a massive 670 million dollar loss. yes a LOSS and a big one.

The latest reports shows Microstrategy owning around half a million bitcoin. Yes half a million that's just honestly staggering amounts given that there will only ever be 21 million bitcoin to ever exist.

This company used to be a business intelligence company but honestly IDK what they do or if they even still do that. Instead it's mainly looked at a way to buy a company and hold bitcoin assets by many.