MicroStrategy's $21B Quarter, Largest Ever, Signals New Bitcoin Bull Run

Strategy reported record operating profit as bitcoin gains lifted quarterly results, while Michael Saylor said a new bull market was beginning. Daily preferred dividends and a CFO transition accompanied the earnings announcement.

Bitcoin Gains Lift Operating Profit to a Record

Record operating income of $20.91 billion and diluted earnings per share of $44.75 marked Strategy’s latest quarterly results, significantly boosted by the appreciation of its bitcoin holdings. The company’s announcement coincided with a declaration from Michael Saylor, its chairman, who asserted that a new bull market for the cryptocurrency was underway.

The earnings report also detailed the company’s commitment to daily preferred dividends and announced a transition in its Chief Financial Officer role.