How Did Strategy Lose $670M Yet Still Bet Big on Bitcoin?

A $670 million loss would be a death blow for most companies, but Strategy (formerly MicroStrategy) is more bullish than ever on Bitcoin. This has left many investors wondering:
- What caused the massive loss? A deep dive into the $1.01 billion Bitcoin impairment charge.
- Why doesn’t Strategy care about losses? How fair-value accounting changes will make future earnings look better.
- Is this a genius long-term bet or reckless gambling? Breaking down the risks and rewards of holding 471,107 BTC.
- What will happen if Bitcoin crashes? Understanding the impact of BTC price fluctuations on Strategy’s future.