✉news BusinessCrypto first seen 5 h ago, last 3 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
Evidence
- Strategy Returns to Profitability on $21 Billion Unrealized Gain · Bloomberg.com
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