oh is this a newspaper headline we like

Obvs, Saylor (#1427437) and Strategy's reporting yesterday generated some neat tradfi media hits:

Crypto’s brutal descent found a new low point on Thursday, with bitcoin posting its biggest one-day drop since the 2022 crash and the company run by the token’s leading evangelist reporting a $12 billion loss.

Strategy’s fourth-quarter net loss widened to $12.4 billion, or $42.93 a share, from $670.8 million, or $3.03 per share, a year earlier.

Yeah, Saylor opening the earnings call with praising DJT seemed off af:

During Strategy’s Thursday evening conference call, Saylor appeared undaunted. “We have a bitcoin president, and he’s intent upon making America the bitcoin superpower, the crypto capital of the world, and the leader in digital assets,” Saylor said, referring to President Trump. “I don’t think you can underestimate the importance of having support for the industry and digital capital at the very top of the political structure.”

OK, we all know this is a stupid take but alas they gotta make it I guess?

Bitcoin trades well below Strategy’s average purchase price of $76,052, and investors fear a further slide might eventually force the company to sell its holdings.

No, nobody fears that.... they still might, and it might be accretive at this level but alas, no forcing.

archive: https://archive.md/QgnoJ