MicroStrategy Sees First Quarterly Profit in 2 Years Due to Bitcoin Bet
The profit is due to the appreciation of the value of Bitcoin over the past year, allowing MicroStrategy to claim
The profit is due to the appreciation of the value of Bitcoin over the past year, allowing MicroStrategy to claim
MicroStrategy currently sits on over $30 million in unrealized profits from its bitcoin bet.
The company's latest purchase was announced hours ago.
The company's total BTC stash has increased to nearly 139,000.
The court dismissed the complaint against MicroStrategy, while a hearing for the lawsuit against Michael Saylor has been scheduled for
The company is still bullish on Bitcoin despite incurring $198 million in impairment charges on its BTC stash.Â
The market maker spent $240 million on the Bitcoin-exposed software company.Â
Here's why MicroStrategy sold some of its bitcoins for the first time since it started accumulating the crypto asset in
FTX contagion goes on, and Bitcoin's price continues trading in a range while MicroStrategy buys more of it.
MicroStrategy is willing to launch solutions powered by Bitcoin Lightning Network that could reach millions of users.