Strategy Inc, the world's largest holder of Bitcoin, has fallen well below analysts' estimates as it published its fourth quarter earnings report today.
Losses per share for Strategy were posted at US$42.93, landing $45.90 worse than the expected earnings per share (EPS) of $2.97.
Revenue for Q4 was a better result, coming in at $123 million against the estimates of $118.81 million.
Strategy also saw an operating loss of $17.4 billion, compared to an operating loss of 1 billion in Q4 the year before.
The company currently holds 3.4% of the Bitcoin supply, with a value of approximately US$54 billion, but Bitcoin has faced a difficult three months, sinking to a price of US$63,000 on Thursday, marking the lowest level in more than a year and a half.
At the time of reporting, Strategy Inc (NASDAQ: MSTR) was trading down 17.12% to the tune of US$106.99. The company maintains a market capitalisation of $30.74 billion.
