Bloomberg Tax
Feb. 2, 2023, 10:18 PM

MicroStrategy Posts Another Loss After Bitcoin Charge (1)

Olga Kharif
Olga Kharif
Bloomberg News

MicroStrategy Inc., the enterprise-software maker better known as the largest public holder of Bitcoin, registered an eighth consecutive quarterly loss after writing down the value of its cryptocurrency holdings.

The Tysons Corner, Virginia-based firm controlled by Bitcoin advocate Michael Saylor had a net loss of $249.7 million, or $21.93 a share, in the fourth quarter. Revenue fell 1.5% to $132.6 million, a lower than forecast drop. The company took a impairment charge, net of gains on sales, of $197.6 million in the three months that ended in December.

Last year, Saylor relinquished the chief executive role of the ...