💸 MicroStrategy Q4 earnings report: lower revenue, higher EPS, continued investment in Bitcoin.
MicroStrategy Inc has recently released its financial report for the quarter ending in December, revealing an impressive surge in its Bitcoin holdings despite a slight dip in earnings and revenue compared to the previous year. This tech giant, known for its business intelligence software, made headlines earlier this month with the acquisition of an additional 850 Bitcoins (BTC) at an average price of approximately $43,764 each, bringing its total stash to a whopping 190,000 BTC!
The Q4 earnings showed that while MicroStrategy’s revenue declined by 6.1% to $124.48 million from the prior year ($132.90 million estimated), it managed to outperform the consensus estimate of two analysts who anticipated just 55 cents per share. Surprising many market watchers, the company announced adjusted earnings of $5.62 per share, marking a stark contrast against the loss of $21.93 during the same period last year. Net income rose significantly too, coming in at $89.13 million—a substantial leap from the $33.7 million earned over the same timeframe in 2021.
Now let’s zoom into what makes MicroStrategy stand apart from others in today’s rapidly changing financial ecosystem – its crypto commitment. As of December 2021, the firm proudly boasts digital assets worth around $3.63 billion—that’s nearly double the value (+97%) since the close of Q4 2020. In essence, even though its core operations might not be setting records ablaze, there’s no denying the allure and potential gains associated with cryptocurrency investments.
It is quite fascinating to observe how companies like MicroStrategy adapt to new trends and technologies whilst juggling conventional business practices. While some may question such bold moves towards decentralized currencies, one thing remains clear: innovation continues to shape our world profoundly, creating novel opportunities and challenges alike.
