Strategy posts much larger quarter‑to‑quarter loss as bitcoin slide dents holdings
Strategy reported a sharply wider first-quarter net loss driven by a fall in bitcoin prices that reduced the value of its large crypto position. The company held 818,334 bitcoins as of May 3 and recorded a $12.54 billion loss for the quarter ended March 31, as market risk aversion amid geopolitical tensions and concerns about high AI valuations wei…