Crypto Stock Falls After Disappointing Earnings

Shares of crypto-adjacent firm MicroStrategy Incorporated (NASDAQ:MSTR) are crumbling today after a disappointing first-quarter report. The company's adjusted losses of $3.09 per share and revenue of $115.2 million were much wider than anticipated, though the miss can be chalked up to the volatility in the price of Bitcoin (BTC), which recently slid below $61,000.At last glance, MSTR is 6.5% lower to trade at $1,209.23, and earlier fell as low as $1,165.21. The stock still boasts an 89.4% year-to-date lead, ...