Bitcoin

<ul><li>The first-quarter revenue report from MicroStrategy has been released.</li><li>MicroStrategy is still committed to Bitcoin.</li></ul>MicroStrategy, the enterprise analytics platform, disclosed its financial results for the first quarter of 2023. The company stated that its net income for the first quarter was $461.2 million, or $31.79 per diluted share. Comparatively, it reported a net loss of $130.8 million in the first quarter of 2022. <a href="https://thenewscrypto.com/michael-saylor-led-microstrategy-adds-whopping-1045-bitcoin-btc/" rel="noopener noreferrer nofollow">MicroStrategy</a> renewed its commitment to its Bitcoin investment plan following the achievement of its first quarterly profit since 2020.<blockquote>“The conviction in our Bitcoin strategy remains strong as the digital asset environment continues to mature.”</blockquote>Also, Lee highlighted that the company’s “core business” is unaffected by short-term BTC price changes. Comparing the first quarter of 2022 to the present period, the total revenue was $121.9 million, a 2.2% improvement.Likewise, the first quarter’s revenues from product licenses and subscription services were $36.2 million, a 23.4% increase over the corresponding period in 2022. At present, the company owns 140,000 BTC. <a href="https://thenewscrypto.com/bitcoin-turns-down-below-29k-pointing-out-fed/" rel="noopener noreferrer nofollow">BTC</a> managed to rise by 72% over the first quarter to around $28,300, which coincides with the company turning a profit.<a href="https://thenewscrypto.com/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Prediction 2023</a>

Bitcoin Continues to Be the Prime Focus for MicroStrategy, Q1 Report Shows

TheNewsCrypto

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