Microstrategy Still Remains Bullish Amidst Unrealized Losses Made From Their Bitcoin(BTC) Holdings

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(Edited)

In midst of the massive loss, microstrategy has remained bullish on their bitcoin accumulation and in their fourth quarter earnings recap their chief executive officer gave an over view of the happenings so far which in a statement it was said that in 2022, MicroStrategy achieved total revenue growth on a constant currency basis for the fourth quarter as well as the full year on the strength of our cloud business.

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In the fourth quarter, current subscription billings grew at a double-digit growth rate for the 11th straight quarter.

Well kang who happens to be the chief executive officer of the firm says that he is pleased to report we again increased our Bitcoin holdings this past quarter to a total of 132,500 Bitcoins. Our corporate strategy and conviction in acquiring, holding, and growing our Bitcoin position for the long term remains unchanged.

And while we encountered macroeconomic and foreign currency headwinds in 2022, we continue to shift to higher quality, recurring revenues as we grow and scale our cloud business. We remain intentional and precise in prioritizing costs, focusing on areas that drive revenue growth while preserving margins.

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