Strategy Reports Wider Quarterly Loss Amid Bitcoin Decline

Strategy, a leading corporate holder of bitcoin, has posted a significant widening of its quarterly loss. The company's net loss for the three months ended March 31 was $12.54 billion, or $38.25 per share, compared to a loss of $4.22 billion, or $16.49 per share, in the same period last year.

The decline in bitcoin prices has been a major contributor to Strategy's losses. The world's largest cryptocurrency has lost 7% in value this year, despite a more supportive regulatory environment taking shape in the US and other major markets.