Investors are worried about the company's dependence on STRC, Strategy's perpetual preferred security, due to the asset's 11.5% dividend yield. The mark-to-market accounting for Bitcoin is the key reason why Wall Street analysts are predicting a loss of $18.98 per share in Tuesday's earnings release.
Bitcoin reclaimed $80,000 on May 4, but the move landed as Asian equities pushed toward records on the AI trade, with Korea and Taiwan leading the advance and Nasdaq 100 futures also pointing higher. The timing creates a portfolio problem for ordinary holders.