Strategy reports $12.5B Q4 net loss, holds 713,502 BTC

Strategy has announced its financial results for the fourth quarter of last year. During the period, the company's net loss was $12.5 billion, a significant increase from the $670 million loss reported in the same quarter of the previous year. Total revenue was $123 million, an increase of 1.9% year-over-year. The net loss under Generally Accepted Accounting Principles (GAAP) was $42.93 per share, a substantial shift from the net income of $3.03 per share in the same period a year earlier. The company recorded a digital asset impairment loss of $1 billion. As of Feb. 1, its BTC holdings totaled 713,502, with an average purchase price of $76,052 and a return of 22.8% for the fourth quarter. Additionally, Strategy held $2.3 billion in cash and cash equivalents at the end of last year, up significantly from $38.1 million at the end of the prior year.