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 …