Microstrategy sees the first quarter of a quarter in 2 years due to Bitcoin Bet

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MicroStrategy, eine Enterprise Business Intelligence (BI)-Plattform, die Software, Cloud Computing und andere Dienste für eine Vielzahl von Kunden bereitstellt, ist zufällig auch einer der weltweit größten Bitcoin-Besitzer mit etwa 140.000 Bitcoin in Reserven. Out-Konkurrenz durch HODLing Die Entscheidung, Bitcoin in großen Mengen zu kaufen, traf der damalige CEO Michael Saylor im Jahr 2020 unter Berufung auf Bedenken hinsichtlich der Inflation. Ihm zufolge hat das einfache HODLing von BTC seinem Unternehmen einen Vorteil gegenüber Konkurrenten in der BI-Branche verschafft. „Letztendlich ist es nicht leicht zu erkennen, welche bessere Strategie es geben könnte. Wir haben festgestellt, dass wir durch den einfachen Erwerb …
Microstrategy, an Enterprise Business Intelligence (BI) platform that provides software, cloud computing and other services for a variety of customers, is also one of the world's largest Bitcoin owners with around 140,000 Bitcoin in reserves. Out competition by Hodling The decision to buy Bitcoin in large quantities met the then CEO Michael Saylor in 2020, citing concerns regarding inflation. According to him, BTC's simple Hodling gave his company an advantage over competitors in the BI industry. "Ultimately, it is not easy to see what better strategy there could exist. (Symbolbild/KNAT)

Microstrategy, an Enterprise Business Intelligence (BI) platform that provides software, cloud computing and other services for a variety of customers is also one of the world's largest Bitcoin owners with around 140,000 Bitcoin in reserves.

out competition by Hodling

The decision to buy Bitcoin in large quantities met the then CEO Michael Saylor in 2020, citing concerns regarding inflation. According to him, the simple Hodling of BTC gave his company an advantage over competitors in the BI industry.

"Ultimately, it is not easy to see which better strategy there could be. We have found that we have found our competitors in the field of corporate software through the simple acquisition and possession of Bitcoin. The regulatory environment for Bitcoin improves. If capital flows out of the crypto industry, it flows in Bitcoin."

The above statement seems to contradict the latest developments in the crypto industry, with spokesman for giant such as coinbase, octopuses and private investors all the US government and their authorities insulting them to try to enforce regulation through punishment instead of leading a discourse with the companies that try to regulate it.

after more than 2 years in the green

Despite the current uncertainty regarding the regulation of cryptocurrencies in the USA and elsewhere, Bitcoin has recently experienced a comeback and has increased by over 70 % in the last quarter.

According to Bloomberg, this made it possible Microstrategy to make a profit in this quarter. The company's quarterly report points out that it had a net profit of $ 461 million in the first quarter, with fixed stocks being traded at $ 31.79 at the time this article was created. The income also increased by 2.2 % in the past quarter and reached $ 121 million.

This development is partly due to tax advantages that result from the Bitcoin hiding place from Microstrategy. The company used a value adjustment-a procedure used by investors to depreciate written assets-with regard to its Bitcoin stocks, which earned him a tax reduction of $ 18.9 million in the past quarter.

Microstrategy continued to consolidate his balance sheets by using Bitcoin's increase in the course to repay a loan of Silvergate with a discount of 22 %.

Microstrategy has repaid its silver gate loan of USD 205 million with a discount of 22 %. Stand 23.03.23, $ 6.455 Bitcoins for ~ 150 million $ at an average price of ~ 23.238 $ per bitcoin #bitcoin & held ~ 138,955 BTC, which was acquired for ~ $ 4.14 billion to an average of ~ $ 29,817 per bitcoin. https://t.co/alp9vlctpt

- Michael Saylor⚡️ (@Saylor) 27. March 2023

"We have strengthened our capital structure by reducing the debt by fully repaid our Bitcoin-supported loan.

Not least because of Saylor's trust in Bitcoin, his company is now reporting profits in a tax environment in which most of his competitors stall because inflation and a possible impending recession dampen the prospects of investors.

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