Strategy Pauses Bitcoin Buying Ahead of Q1 Earnings
Investors are worried about the company’s dependence on STRC, Strategy’s perpetual preferred security, due to the asset’s 11.5% dividend yield. The mark-to-market accounting for Bitcoin is the key reason why Wall Street analysts are predicting a loss of $18.98 per share in Tuesday’s earnings release. In anticipation of Tuesday’s first quarter earnings announcement, Strategy—the largest
