MicroStrategy Remains Convicted on Bitcoin (BTC) Bet Despite $2,150,000,000 in Unrealized Losses
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Business intelligence firm MicroStrategy is remaining faithful to Bitcoin (BTC) despite having about $2.1 billion in unrealized losses. In a new earnings report, the company’s president and chief executive, Phong Le, notes that MicroStrategy’s revenue grew in 2022 even though its Bitcoin investments are in the red. According to Le, the firm had a great fourth quarter through the hardships, which is a testament to the company’s durability. “In 2022, MicroStrategy achieved total revenue growth on a constant currency basis for the fourth quarter as well as the full year on the strength of our cloud business. In the fourth
MicroStrategy, a Michael Saylor-led business intelligence platform, keeps advancing its aggressive Bitcoin ($BTC) accumulation. As per the data from TOP 7 ICO, with the latest purchase of 10,107 $BTC, MicroStrategy’s Bitcoin holdings have reached 471,107, showing an unrealized profit of up to $18B. The cryptocurrency analytics platform recently shared the…
On Sept. 16, MicroStrategy founder Michael Saylor announced that the firm was planning its third debt offering this year, aiming to raise $700 million by issuing convertible senior notes. The figure is the aggregate principal amount, and there is an option for an additional $105 million in notes that mature…
Michael Saylor’s Strategy, formerly MicroStrategy, has reported a year-to-date unrealized Bitcoin gain of $5.8 billion and a BTC yield of 13.7%. “We are thrilled to report a strong start to the year with a year-to-date ‘BTC Yield’ of 13.7%, achieving over 90% of our 2025 target in just the first…