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MicroStrategy Reports $21 Billion Operating Income From Bitcoin Gains as BTC-Per-Share Declines
(3 hours ago) · 1 source · Summarized by CryptoBipto
MicroStrategy posted a record $21 billion in operating income driven by gains on its Bitcoin holdings. However, the company's Bitcoin-per-share metric declined, indicating that share dilution has outpaced Bitcoin accumulation. The contrasting figures highlight the complexity of evaluating the company's Bitcoin-focused strategy.
WHY IT MATTERS
MicroStrategy is a company that has bet heavily on Bitcoin, buying large amounts using money raised by selling new shares of its stock.
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SOURCES
- beincrypto.com
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