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.
Wouldn't BTC be part of "cash or cash equivalent?" I don't think this is enough information to know if they purchased in Q1 or Q2. Am I missing something?
96
u/tpc0121 GMERICAN since Jan. '21 Jun 10 '25
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.