MicroStrategy Reaffirms Commitment to Bitcoin Investment Strategy
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MicroStrategy has reaffirmed its commitment to its Bitcoin investment strategy following their first quarterly profit since 2020, in which their one-time income tax benefit of $453.2 million played a major role.
Revenue for the quarter was also up 2.2% year-over-year to $121.9 million.
CEO Phong Lee said the firm’s “conviction in our Bitcoin strategy remains strong as the digital asset environment continues to mature.”
Chairman Michael Saylor acknowledged that their core business would not be impacted by short-term price fluctuations in BTC, and credited their success to the “right strategy” of “acquiring and holding Bitcoin in a prudent fashion.”
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