MicroStrategy Swings to Wider-Than-Expected Loss, Rebrands as ‘Strategy'

MicroStrategy (MSTR) reported a wider-than-expected loss for the fourth quarter and said it is changing its name to "Strategy." The largest corporate holder of bitcoin saw revenue fall 3% year-over-year to $120.7 million, below the analyst consensus compiled by Visible Alpha. The company swung to a wider-than-expected loss of $670.8 million, or $3.03 per share, from a profit of $89.1 million, or 50 cents per share, a year earlier. During the quarter, Strategy purchased 218,887 bitcoins for $20.5 billion, i ...