MicroStrategy’s Bitcoin conviction ‘strong’ as it posts Q1 profit By Cointelegraph

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© Reuters.

Business intelligence platform MicroStrategy has reiterated its commitment to its (BTC) investment strategy after turning its first quarterly profit since 2020.

The Michael Saylor-founded firm went back into the green in the first quarter of 2023 with a profit of $94 million, which was largely attributed to a one-time income tax benefit of $453.2 million.

MicroStrategy’s Bitcoin accumulation by quarter. Source: MicroStrategy