MicroStrategy stunned markets with its first profit in 18 months, reporting earnings of $32.60 per share—crushing analyst expectations of a $0.10 loss. The software firm’s aggressive Bitcoin strategy, spearheaded by its CEO, drove the reversal, with its 597,325 BTC holdings (acquired at an average $70,982) generating $14 billion in unrealized gains at current prices near $116,600. Revenue also edged up to $114.5 million, surpassing forecasts. Despite the strong results, shares dipped 1.3% post-market to $396.51, puzzling observers given the outperformance.
Bitcoin Expansion Defies Market Jitters
The company further amplified its crypto position, adding 21,021 BTC for $2.4 billion via preferred stock sales, bringing its total to 628,791 BTC—3% of all circulating supply. While Bitcoin’s recent 2.5% slide to $115,540 weighed on sentiment, MicroStrategy’s stock has surged 39% year-to-date, outpacing BTC’s 25% rise. Executives remain bullish, framing the firm as a leveraged Bitcoin play amid broader institutional adoption.
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