Bitcoin hedge-fund proxy MicroStrategy Inc. posted a third consecutive quarterly loss after taking an impairment charge against the value of its roughly $18 billion stockpile of the cryptocurrency.
Even with the loss, the Tysons Corner, Virginia-based enterprise software maker announced plans to raise $42 billion over the next three years, comprised of $21 billion of equity and $21 billion of fixed income securities, to buy more Bitcoin. The company’s shares fell around 4% in late trading.
