The firm revealed its new Bitcoin logo, which represents its distinct status as a BTC Treasury firm.
Summary
MicroStrategy, the world’s largest Bitcoin holder, has changed its name to “Strategy” with a Bitcoin logo. The company’s focus is on Bitcoin and artificial intelligence. The change comes after Michael Saylor hinted at a “Big strategy day” and a net loss of $670.8 million in Q4 2024. Strategy plans to invest $42 billion in equities and fixed-income assets to finance Bitcoin purchases.
MicroStrategy (MSTR), the largest corporate holder of Bitcoin, has changed its name to “Strategy” since the company’s main emphasis is on Bitcoin and artificial intelligence.
Phong Le, who is the President and CEO of Strategy, said, “Strategy is inventing in the two most disruptive technologies of the twenty-first century—Bitcoin and artificial intelligence.”
The makeover comes after creator Michael Saylor hinted at a “Big strategy day” on Wednesday, which led to a lot of conjecture within the community. Since 2020, the corporation has been acquiring Bitcoin and has spent more than $20 billion to grow its reserves under Saylor’s leadership.
In a separate statement, Strategy revealed its financial statistics for the fourth quarter of 2024, which showed a net loss of $670.8 million. The losses that were sustained as a result of Strategy stacking an extra 218,887 BTC.
Phong Le pointed out that “the fourth quarter of 2024 witnessed our highest ever growth in quarterly Bitcoin holdings, culminating with the purchase of 218,887 Bitcoins bought for $20.5 billion, since the conclusion of Q3.”
The company’s overall sales for the fourth quarter of 2024 were $120.7 million, which is a 3.0% reduction from the previous year.
Strategy Hits $20B in its $42B ‘21/21 Plan’
The strategy aims to achieve a yearly cash gain of $10 billion on its BTC holdings in 2025.
MicroStrategy announced a “21/21 Plan” in 2023, which would include investing $42 billion in equities and fixed-income assets over the course of three years in order to finance the purchase of more Bitcoin.
“We have finished $20 billion of our $42 billion capital plan, which is a considerable amount ahead of our original timetables. We are also leading the digital revolution of capital in the financial markets.”
The company’s Bitcoin holdings presently amount to 471,107 BTC, which is worth $46.06 billion at press time, with the cryptocurrency valued at $97.78K. This makes Strategy the company with the greatest Bitcoin holdings in the world.
Prior to the results, Strategy disclosed that it has increased its capital-raising efforts by using perpetual preferred stock.
According to Google Finance statistics, the MSTR plunged 3.3% to $336.70 on Wednesday and then dropped another 0.72%.
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