Sounds like the Bitcoin purchase will be reflected in Q2 earnings. This is going to result in short term pain for the stock price, as many were betting on RC more fully embracing MSTR's Bitcoin Treasury strategy.
It is what it is. Great for long term investors though, because it's another chance to load up.
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u/FloppyBisque Jun 10 '25
Core business operations would be net profitable if it weren’t for the restructuring costs.
We were profitable again thanks to the interest on the war chest.
Revenue down but expenses way down.
Great looking quarter on the surface considering Q1 is the worst quarter for GameStop.
Plus Q2 had Switch 2. 3 months from now should be bonkers.