MicroStrategy Remains Convicted on Bitcoin (BTC) Bet Despite $2,150,000,000 in Unrealized Losses

Business intelligence firm MicroStrategy is remaining faithful to Bitcoin (BTC) despite having about $2.1 billion in unrealized losses. In a new earnings report, the company’s president and chief executive, Phong Le, notes that MicroStrategy’s revenue grew in 2022 even though its Bitcoin investments are in the red. According to Le, the firm had a great fourth quarter through the hardships, which is a testament to the company’s durability. “In 2022, MicroStrategy achieved total revenue growth on a constant currency basis for the fourth quarter as well as the full year on the strength of our cloud business. In the fourth