Yello Paradisers! MicroStrategy, the corporate giant synonymous with Bitcoin investment, has just laid its financial cards on the table. The much-anticipated earnings report for the quarter ending September 2023 has been shared, and it’s a mix of expected news and bold crypto moves.
📰The Bitcoin Boost
In a move that reinforces its bullish stance on Bitcoin, MicroStrategy revealed an October splurge of 155 Bitcoins, shelling out $5.3 million. This latest crypto foray brings its Bitcoin treasure chest to a staggering 158,400 BTC.
📰Financial Figures: A Closer Look
The financial forecast had eyes set on an Earnings Per Share (EPS) of $0.74, marking a whopping 177.08% leap from the previous year’s same quarter. Revenue expectations hovered around $126.2 million, a modest year-over-year uptick of 0.67%.
📰Revenue Revelations
The actual numbers have spoken: MicroStrategy’s third-quarter revenue hit $129.5 million, climbing 3.3% from last year’s figure. Even after adjusting for currency fluctuations, the growth stands firm at 1.1%.
📰The Bitcoin Balance Sheet
MicroStrategy’s affinity for Bitcoin is no secret. With its last Bitcoin buy on September 24, 2023, the company’s BTC holdings are valued at a colossal $4.68 billion.
📰Paradise Perspective
For the ParadiseTeam, MicroStrategy’s strategy is a testament to the enduring allure of Bitcoin in the corporate sphere. It’s a narrative of conviction, where one company’s ledger reflects a broader belief in the transformative potential of cryptocurrency.
