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MicroStrategy’s Bitcoin Gambit Is Poised to Become More Volatile

Kingofmetaverse by Kingofmetaverse
November 1, 2022
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MicroStrategy’s Bitcoin Gambit Is Poised to Become More Volatile
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MicroStrategy Inc. is prone to present a return to profitability when reporting third-quarter outcomes after co-founder Michael Saylor turned the enterprise-software maker right into a Bitcoin funding automobile.

That’s a marked change from the lack of greater than $1 billion posted within the prior three-month interval, when an virtually 60% plunge within the cryptocurrency required MicroStrategy to put in writing down the worth of its holdings. Bitcoin rose 3.7% in the latest quarter.

The respite could show to be quick. In coming quarters, MicroStrategy will probably be reporting extra unstable outcomes underneath a proposed accounting rule change that may require …



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