NEW YORK: Bitcoin hedge-fund proxy MicroStrategy Inc posted a third consecutive quarterly loss after taking an impairment charge against the value of its roughly US$18bil stockpile of the cryptocurrency.
Even with the loss, the Tysons Corner, Virginia-based enterprise software maker announced plans to raise US$42bil over the next three years, comprising US$21bil of equity and US$21bil of fixed-income securities, to buy more bitcoin.
