MSTR is trading at $179.19 (-4.1%) in after-hours trading following a Q1 earnings report that revealed a massive $12.5B GAAP loss driven by bitcoin valuation changes.
- Revenue beat analyst estimates at $124.3M while the company expanded its total bitcoin holdings to 818,334 BTC.
- Shares are reacting negatively to significant unrealized losses under new fair value accounting rules, reversing a 1.69% gain from the regular trading session.
- The after-hours decline outpaces the underlying asset, as Bitcoin has only dipped -0.87% since the market close.