350
137 shares, 350 points

91. It turned out that MicroStrategy, with more than 000 Bitcoins (BTC), experienced a surprising increase in revenues in the first quarter. In a press release on April 30, CEO Michael Saylor explained that the company’s success has gone far beyond Bitcoin profits.

Saylor: Holding Bitcoin in our hands creates “substantial value”

MicroStrategy continued to come up with bullish comments about Bitcoin and its future, and continued to add BTC to its treasury, without being affected by the general sentiment in the market, the price.

His advocacy seemed to have endeared the company to a new industry. Nine months after they started to convert their cash reserves to BTC, the sales of the product and service line also increased.

The press release states that “product licenses and subscription services serial revenues increased by 52.3% for the first quarter of 2021 compared to the first quarter of 2020.”

Total revenues in the first quarter were just over $ 122 million, representing an increase of 10.3% over the same period in 2020.

Saylor, “MicroStrategy’s first quarter results were a clear example of how our two-way corporate strategy, such as growing our enterprise analytics software business and buying and holding Bitcoin, creates significant shareholder value,” Saylor said.

He added that the company is “still satisfied” with its BTC acquisition approach and will already contribute substantially to its reserves.

We will continue to buy and hold additional Bitcoins while trying to create additional value for shareholders.

BTC (orange) and MSTR (blue). Source: Tragview

Cryptocoin. com

As we previously reported as , the company’s stock price has fluctuated this year, something that reflects Bitcoin’s own price discovery.


Like it? Share with your friends!

350
137 shares, 350 points

What's Your Reaction?

hate hate
245
hate
confused confused
981
confused
fail fail
613
fail
fun fun
490
fun
geeky geeky
368
geeky
love love
1226
love
lol lol
122
lol
omg omg
981
omg
win win
613
win

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format