U.S. Stock Market News | Cryptocurrency stocks decline, MicroStrategy drops more than 12%

Zhitong
2024.04.30 15:09
portai
I'm PortAI, I can summarize articles.

Cryptocurrency stocks fell, with MicroStrategy's stock price dropping by over 12%. MicroStrategy reported a first-quarter revenue of $1.152 billion, with a loss of $3.09 per share. The company's digital assets amounted to $5.07 billion, up from $2.0 billion last year

According to Zhitong Finance, on Tuesday, cryptocurrency stocks fell. As of the time of publication, Canaan Inc. (CAN.US) and Coinbase (COIN.US) dropped by over 2.5%, Riot Blockchain (RIOT.US) and Bit Digital (BTBT.US) fell by over 3%, Marathon Digital Holdings (MARA.US) fell by over 5%, and MicroStrategy (MSTR.US) fell by over 12%. In terms of news, MicroStrategy reported first-quarter revenue of $1.152 billion, below analysts' expectations of $1.237 billion; with a loss per share of $3.09, compared to earnings per share of $31.79 in the same period last year, and the market expected a loss per share of $0.55. As of the end of the period, digital assets were $5.07 billion, compared to $2.0 billion in the same period last year

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.