MicroStrategy Quarterly Earnings: More Bitcoin Buying To Come?

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In the recent months, the company’s pole position as the market leader in crypto investments has been challenged by the entry of the likes of Blackrock and Citadel, which are vying for approval to the spot Bitcoin ETF filings. If and when approved, the ETFs would impact a much larger market share compared to Microstrategy. Earlier, CoinGape reported that the company’s current holdings stand at 152,333 $BTC.

What To Expect From Microstrategy Earnings Report

Traders would be looking at the company’s earnings and forecast for revenue from the core business, which would directly translate to the amount of Bitcoin the company may purchase in the months ahead. Also, in his capacity as the executive chairman and a co-founder of MicroStrategy, Michael Saylor may also give out a statement on his forecast for BTC in near term. Overall, the recent bullish display of BTC is likely to have a positive effect on the company’s unrealized earnings on BTC, and hence, the MicroStrategy stock price may continue to take the upside curve.

Since the beginning of the year 2023, the company stock grew by as much as 201.94%, whereas the Bitcoin price grew 75.09% during the same period.

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