As of 4:20 PM EST on February 5, 2025, MicroStrategy Incorporated (MSTR) experienced a slight decline in its stock price, closing at $336.63, down -3.33% from the previous day, with an additional -0.02% drop after market hours. The market reacted negatively to the company's Q4 2024 earnings report, which revealed a significant net loss of $670.8 million, or $3.03 per share, compared to a net income of $89.1 million in the prior year. This loss was primarily driven by a staggering $1.006 billion in impairment losses on digital assets, reflecting the volatility and risk associated with their substantial Bitcoin holdings. Despite a 48.4% increase in subscription services revenues, total revenues fell by 3.0% year-over-year, further dampening investor sentiment. The company's forward guidance, which includes a revised annual BTC Yield target of 15% and a new "BTC $ Gain" target of $10 billion for 2025, failed to reassure investors, as concerns about the sustainability and transparency of their Bitcoin strategy persist. The market's cautious stance is evident in the current price action, as investors weigh the potential risks and rewards of MicroStrategy's evolving business model.