✉news BusinessCrypto first seen 18 h ago, last 17 h ago, peak #3
Strategy posts profit on $21 billion bitcoin gain
Original: Strategy Returns to Profitability on $21 Billion Unrealized Gain
Strategy, the bitcoin-holding company formerly known as MicroStrategy, reported a return to profitability, driven by a $21 billion unrealized gain on its bitcoin holdings. The swing follows quarters in which the company's results moved with the volatile cryptocurrency market, and the result was reported by Bloomberg, drawing attention from investors tracking corporate bitcoin treasury plays.
Why now: Corporate bitcoin treasuries are back in focus as crypto prices rise, making Strategy's paper gains a talking point for investors.
StrategyMicroStrategyBitcoinBloomberg
Rank over time, top of the chart is #1. 2 snapshots from 18 h ago to 17 h ago.
Evidence
- Strategy Returns to Profitability on $21 Billion Unrealized Gain · Bloomberg.com
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