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coinpedia
2023-05-02 04:59:52

MicroStrategy’s Profits Skyrocket Due to Bitcoin’s Surge in Q1

MicroStrategy’s Profits Skyrocket Due to Bitcoin’s Surge in Q1

The post MicroStrategy’s Profits Skyrocket Due to Bitcoin’s Surge in Q1 appeared first on Coinpedia Fintech News The business intelligence platform, founded by Michael Saylor, has made headlines for its Bitcoin investment strategy, which has paid off in the form of its Q1 profit since 2020. MicroStrategy’s Q1 Earnings Highlights The company reported a profit of $94 million in the first quarter of 2023, with a one-time income tax benefit of $453.2 …

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