Microstrategy, the world’s largest institutional Bitcoin whale, announced a profit of $ 94 million in the first quarter of 2023, while reducing its losses from Bitcoin (BTC) by more than 90%.
microstrategy 1 May shared on its official website on of the year 2023 In its first quarter financial reports, Bitcoin-related loss 18.9 million declared in dollars. The company’s loss compared to the last quarter of the previous year 90% of on it reduces seen.
to its balance sheet in the quarter 209 million worth a dollar 7,500 BTC adding more total Bitcoin presence 3.9 billion worth a dollar to 140 thousand BTC issuer microstrategy, average bitcoin cost of 29,803 down to $.
In total, the company 121 million by declaring income in dollars 119 million dollar income expectation. 1.68% performed on it. In addition, the company reported a profit of $94 million.
Microstrategy CFO Andrew Kang In his statement on the subject, he said that in the first quarter, the Bitcoin secured loan fully paid reported. CFO of the company new markets in its general activities And to business lines to open up that you aim as well as its current activities. to cost savings in order to go to use technology stated that it continues
On the other hand, Microstrategy founder and Bitcoin advocate Michael Saylor On May 1, he made a speech on social media. in the statementwhere the company started its Bitcoin strategy 10 August 2020 shares of Microstrategy since 166% pointed to its value.
According to the data shared by Saylor MSTR, Apple (AAPL) and Microsoft (MSFT) as well as the shares of technology giants such as gold, bitcoin And Nasdaq (NDX) And S&P 500 (SP500) indices as well performance in terms of back left.
Recently, the German banking giant Berenberg In a report he published, the expected Bitcoin rise public through companies thinking for investors MSTR of the most efficient way he had suggested.
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Average Bitcoin cost 30 thousand under dollar microstrategy, price in the first quarter your 30 thousand dollars for the first time in a long while had gone black. Coinecko data in the last 30 days 1.8% BTC losing value in the last 24 hours 2.1% depreciating at the time of writing 27,993 traded at the dollar level.