Michael Saylor-led MicroStrategy reported a $17.44 billion unrealized Q4 loss from falling Bitcoin prices, deepening investor concerns and driving a nearly 70% share price decline.
MicroStrategy, led by Michael Saylor, disclosed an unrealized loss of $17.44 billion in the fourth quarter due to a drop in Bitcoin prices. This downturn contributed to a steep share price decline of nearly 70% from its 2024 peak of $457, now trading at $156. The company sold stock in December to bolster cash reserves amid weakening investor confidence.