MicroStrategy has made a surprising announcement—but it’s not another Bitcoin purchase. The software company is dropping the “Micro” and rebranding itself as simply Strategy.
Co-founder Michael Saylor celebrated the change on Wednesday, claiming that shedding the “Micro” would open the door to a new era of success. “Strategy is one of the most powerful and positive words in the human language,” Saylor said in a statement. He also quoted the late French author Antoine de Saint-Exupéry, who famously said, “perfection is achieved not when there is nothing more to add, but when there is nothing left to take away.”
Crypto Twitter (aka X), however, didn’t take the rebrand quite as seriously. Degens quickly drew comparisons to a famous scene from the 2010 film The Social Network. In the film, Sean Parker (played by Justin Timberlake) advises Mark Zuckerberg to drop “The” from the name of his new social media platform, making it simply Facebook. The meme quickly took off, with users poking fun at the bold move.
The meme was reposted again and again, with the crypto community clearly enjoying the irony.
What was also a topic of interest was Strategy’s new logo, which now includes a Bitcoin exponent—prompting one meme to joke, “Strategy… to the ₿th power?
Beyond the name change, Strategy (formerly MicroStrategy) also released its Q4 2024 earnings, reporting a net loss of $670.8 million—significantly larger than the $89.1 million loss in Q4 2023. Most of the MicroStrategy’s expenses have gone toward expanding its Bitcoin holdings, which are now the largest corporate stash in the world, at about 471,107 BTC (over 2.2% of Bitcoin’s global circulating supply).
Despite the losses, the company’s decision to buy Bitcoin at record prices may ultimately prove profitable, with the average purchase price of $62,503 now significantly lower than Bitcoin’s current value of over $97,000.
