Strategy posts $12.5B Q1 net loss, holds 818,334 BTC

Strategy announced its first-quarter earnings, reporting a net loss of $12.54 billion for the period. According to CoinDesk, the company currently holds 818,334 BTC, with an average purchase price of $75,537. Additionally, Strategy held $2.25 billion in cash and cash equivalents at the end of the first quarter, an amount sufficient to cover preferred stock dividends for about 18 months.