Market News: Strategy plans to launch the "42/42 Plan" to continue to increase its holdings in Bitcoin

PANews reported on May 2 that according to Walter Bloomberg (@DeItaone) posted on X platform that Strategy (formerly MicroStrategy) is now more focused on bitcoin than software. The company reported a loss of $4.23 billion ($16.49 per share) in the first quarter, and its revenue fell 3.6% to $111.1 million and was also lower than expected.

It is reported that Strategy will launch a new "42/42 Plan" aimed at raising $84 billion to buy Bitcoin within two years. It has previously launched a "21/21 Plan" of $42 billion. Analysts say Strategy is still a strong alternative to Bitcoin, with a price-to-earnings ratio of 2.13 times, and its performance remains solid despite market volatility.