MicroStrategy returns to profit and now owns $4.4B worth of Bitcoin By Cointelegraph
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Business intelligence firm MicroStrategy — one of the largest corporate holders of (BTC) in the United States — managed to return to profitability in the second quarter amid a surge in the price of Bitcoin.
In a Q2 earnings results filing posted on Aug. 1, MicroStrategy reported $22.2 million in net income, a massive swing from a net loss of $1.1 billion in the prior-year period. Total revenues were mostly flat at $120.4 million.
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Business intelligence firm MicroStrategy — one of the largest corporate holders of (BTC) in the United States — managed to return to profitability in the second quarter amid a surge in the price of Bitcoin.
In a Q2 earnings results filing posted on Aug. 1, MicroStrategy reported $22.2 million in net income, a massive swing from a net loss of $1.1 billion in the prior-year period. Total revenues were mostly flat at $120.4 million.
Continue Reading on Coin Telegraph
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