A growing number of companies invest in Bitcoin but none to the extent of MicroStrategy Inc., which in 2021 announced that buying and holding the volatile digital asset was a core business strategy.
The rare prominence of Bitcoin in the enterprise software company’s mission and the size of its holdings put the Tysons Corner, Va.-based business in a class of its own. That distinction led to the SEC singling out the company among its brethren Bitcoin enthusiasts and rebuking how it used non-GAAP measures, or measures that don’t comply with U.S. generally accepted accounting principles, ...
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