Market news: Strategy plans to launch the "42/42 Plan" to continue increasing its Bitcoin holdings
ChainCatcher news, according to market news, Strategy is now more focused on Bitcoin rather than its software business. The company reported a first-quarter loss of $4.23 billion (per share $16.49), far exceeding expectations. Revenue fell 3.6% to $111.1 million, missing forecasts.
The company launched an ambitious "42/42 plan," aiming to raise $84 billion over two years to purchase Bitcoin, following the implementation of a $42 billion "21/21 plan" last year. Analysts stated that despite market volatility, the stock remains a strong proxy for Bitcoin, trading at 2.13 times its net asset value, showing solid performance.
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