Strategy’s sinking stock and $12 billion quarterly loss puts the policy of ‘don’t ever sell your bitcoin’ to the test

Shares of Strategy sank to near a two-year low on Thursday and kept on falling after hours as the company, the largest corporate holder of bitcoin, reported a fourth-quarter loss of more than $12 billion.

Strategy

MSTR, technically still a software company, is deeper in the red in the current quarter with the sharp selloff in bitcoin BTCUSD. The company has been accumulating the cryptocurrency for nearly six years and seems to be sticking to its guns, at least for now.