MicroStrategy’s Bitcoin bag is up $900M amid BTC price surge

Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds.acquired an additional 155 BTC for $5.3 million and now holds 158,400 BTC.

Digital asset impairment losses and income taxes attributed to $33.6 million $109.6 million of the total net losses, the firm noted.

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