: MicroStrategy CEO views stock ‘favorably’ as a bitcoin play, but says it should ‘clearly’ be valued for its software business

Shares of MicroStrategy Inc. sank Wednesday, after the software company-slash-bitcoin play reported a surprisingly large quarterly loss, as a near $150 million loss booked on its cryptocurrency holdings offset strength in its software business.

Shares of MicroStrategy Inc. sank Wednesday, after the software company-slash-bitcoin play reported a surprisingly large quarterly loss, as a near $150 million loss booked on its cryptocurrency holdings offset strength in its software business.