Bitcoin

Coin

<ul class="news-points"> 
 <li>MicroStrategy has bounced back to profitability in the fourth quarter.</li> 
 <li>The company saw a net income of $89.1 million compared to last year’s $249.7 million loss.</li> 
 <li>MicroStrategy holds a total of 19,000 BTC worth over $8.17 billion.</li> 
</ul> 
The largest publicly traded holder of Bitcoin, MicroStrategy, has bounced back to profitability in the fourth quarter, bolstered by a significant tax benefit linked to its substantial <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/" target="_blank" rel="noreferrer noopener">cryptocurrency</a> reserves. 
MicroStrategy <a href="https://www.microstrategy.com/press/microstrategy-announces-fourth-quarter-2023-financial-results-now-holds-190000-btc_02-06-2024" target="_blank" rel="noreferrer noopener nofollow">disclosed</a> this development during its recent presentation of financial records for the last quarter of 2023. Specifically, the company, led by <a href="https://coinedition.com/michael-saylor-nets-1-5b-bitcoin-profit-amid-btc-39k-rally/" target="_blank" rel="noreferrer noopener">Bitcoin advocate Michael Saylor</a>, announced a net income of $89.1 million, or $4.96 per share. This marks a notable turnaround from the previous year’s loss of $249.7 million, or $21.93 per share.&nbsp; 
In the fourth quarter of 2023, MicroStrategy reported total revenues of $124.5 million. This reflects a 6.1% decline from the same period in 2022. Also, revenues from product licenses and subscription services totaled $39.9 million. Similarly, the figure marked an 11.4% decrease compared to the same period in 2022. …
The post <a href="https://coinedition.com/microstrategy-returns-to-profitability-thanks-to-8-17b-bitcoin-holdings/">MicroStrategy Returns to Profitability Thanks to $8.17B Bitcoin Holdings</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

MicroStrategy Returns to Profitability Thanks to $8.17B Bitcoin Holdings

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