MicroStrategy Has Loss Even as Bitcoin Ends Monthslong Drop (1)

MicroStrategy Inc., the world’s largest publicly traded corporate owner of Bitcoin, posted a third-quarter loss after revenue fell despite the cryptocurrency reversing months of declines during the most recent three-month period.

The net loss for the quarter ended Sept. 30 was $27.1 million, or $2.39 a share, compared with $36.1 million, or $3.61, in the year-ago period, the company said in a statement. Co-founder Michael Saylor stepped down in August as chief executive officer to focus on the company’s cryptocurrency strategy.

Revenue fell 2.1% to $125.4 million as sales dropped for the enterprise software maker’s two biggest revenue sources, ...