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Bitcoin Rollercoaster: MicroStrategy Suffers $33.6 Million Quarterly Loss From Write-Down

November 2, 2023

Bitcoin Rollercoaster: MicroStrategy Suffers $33.6 Million Quarterly Loss From Write-Down

Microstrategy has suffered a $33.6 million quarterly loss, as its bet on Bitcoin failed to pay off. Despite seeing a surge in its cryptocurrency investments, the company was hit by a significant write-down.