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as suspected, they were not ready for FASB hence got nailed on earnings due to lack of mark to market reporting.

Microstrategy posted a GAAP Accounting Net Loss of $670 million because they did not adopt FASB Fair Market Value rules for 2024 and used the old method of recording the value of their $BTC at the lowest intraday price

Q1 2025 will have HUGE earnings

as I mentioned a few weeks back - the rebranding is also coming

I continued to hold MSTR

 

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9 Lives Cat

If they knew FASB changes were coming, was lack of implementing them a strategic error or intentional? Why wait? With BTC volatile but overall chopping sideways, was the news really worth all the selling & downside price action?