Microstrategy: More Losses For Bitcoin Spruiker

2022-05-04

I'm still not even remotely a buyer of this strategy. Arguably that "store of value" bet paid off in late 2020. But it hasn't worked for near on 17 months. Shares are down 37% YTD. Avoid.

Microstrategy Inc Cl A (MSTR US) reported a net loss of $155.6mn in the fourth quarter, compared to the net loss of $124.3mn in the 4Q21.
MSTR took a non-cash digital asset impairment charge of $170.1mn in the first quarter, up from $146.6mn in the 4Q21.
A bet on MSTR is a bet on bitcoin. Yet MSTR is down 37% YTD, compared to ~20% for bitcoin.

By David Blennerhassett - https://www.smartkarma.com/profiles/david-blennerhassett?utm_source=tiger_community

On Microstrategy Inc Cl A (MSTR US) - https://www.smartkarma.com/entities/microstrategy-inc-cl-a?utm_source=tiger_community

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Happy returns
2022-05-07
Happy returns
michael saylor look like an angry rat trying to chew through all the chaos
MuppyKoh
2022-05-04
MuppyKoh
good info
chrng
2022-05-04
chrng
[Miser] [Miser] [Miser]
Niskil
2022-05-04
Niskil
U need to go deeper
Ignatius Teo
2022-05-04
Ignatius Teo
Understand intricacies of cryto
DinoLim
2022-05-04
DinoLim
thanks

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Shares are down 37% YTD.&nbsp; Avoid. <ul> \n <li> Microstrategy Inc Cl A (MSTR US) reported a net loss of $155.6mn in the fourth quarter, compared to the net loss of $124.3mn in the 4Q21.&nbsp;</li> \n <li>MSTR took a non-cash digital asset impairment charge of $170.1mn in the first quarter, up from $146.6mn in the 4Q21.&nbsp;</li> \n <li>A bet on MSTR is a bet on bitcoin. Yet MSTR is down 37% YTD, compared to ~20% for bitcoin.&nbsp;</li> \n</ul> By David Blennerhassett - https://www.smartkarma.com/profiles/david-blennerhassett?utm_source=tiger_community On Microstrategy Inc Cl A (MSTR US) - https://www.smartkarma.com/entities/microstrategy-inc-cl-a?utm_source=tiger_community</body></html>","htmlText":"<html><head></head><body>I'm still not even remotely a buyer of this strategy. Arguably that \"store of value\" bet paid off in late 2020. But it hasn't worked for near on 17 months. Shares are down 37% YTD.&nbsp; Avoid. <ul> \n <li> Microstrategy Inc Cl A (MSTR US) reported a net loss of $155.6mn in the fourth quarter, compared to the net loss of $124.3mn in the 4Q21.&nbsp;</li> \n <li>MSTR took a non-cash digital asset impairment charge of $170.1mn in the first quarter, up from $146.6mn in the 4Q21.&nbsp;</li> \n <li>A bet on MSTR is a bet on bitcoin. Yet MSTR is down 37% YTD, compared to ~20% for bitcoin.&nbsp;</li> \n</ul> By David Blennerhassett - https://www.smartkarma.com/profiles/david-blennerhassett?utm_source=tiger_community On Microstrategy Inc Cl A (MSTR US) - https://www.smartkarma.com/entities/microstrategy-inc-cl-a?utm_source=tiger_community</body></html>","text":"I'm still not even remotely a buyer of this strategy. Arguably that \"store of value\" bet paid off in late 2020. But it hasn't worked for near on 17 months. Shares are down 37% YTD. Avoid. Microstrategy Inc Cl A (MSTR US) reported a net loss of $155.6mn in the fourth quarter, compared to the net loss of $124.3mn in the 4Q21. MSTR took a non-cash digital asset impairment charge of $170.1mn in the first quarter, up from $146.6mn in the 4Q21. A bet on MSTR is a bet on bitcoin. Yet MSTR is down 37% YTD, compared to ~20% for bitcoin. 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