Strategy’s near $2 billion profit on Bitcoin is eclipsed by huge losses SEC filing shows

Strategy (formerly MicroStrategy) is claiming its aggressive Bitcoin purchases have yielded a nearly $2 billion gain this year despite the top asset's clear price struggles. However, a close look at the enterprise software company's legally binding regulatory filings tells a much redder story: under standard accounting rules, the firm is nursing a multi-billion dollar unrealized […] The post Strategy’s near $2 billion profit on Bitcoin is eclipsed by huge losses SEC filing shows appeared first on CryptoSlate.