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✉news BusinessCrypto first seen 15 h ago, last 7 h ago, peak #4

MicroStrategy reports record $21 billion operating income on bitcoin gains

Original: MicroStrategy Posts Record $21B Operating Income on Bitcoin Gain, but BTC-Per-Share Falls

MicroStrategy, the software company turned bitcoin holding vehicle led by Michael Saylor, posted a record $21 billion in operating income, driven almost entirely by unrealized gains on its bitcoin treasury under new accounting rules. However, its bitcoin holdings per share declined, a sign that recent share and debt issuance to buy more coins is diluting per-share exposure, drawing scrutiny from analysts and investors.

Why now: Investors are weighing record paper profits against falling bitcoin-per-share, a key metric for the company's strategy.

MicroStrategyMichael SaylorBitcoin

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