#MicroStrategy

According to Foresight News, Bloomberg reports that MicroStrategy's stock performance over the past two years has outpaced nearly all major US stocks, including Nvidia. The company's co-founder and chairman, Michael Saylor, made an unconventional decision four years ago to purchase Bitcoin as a hedge against inflation, resulting in a surge of over 1700%. MicroStrategy has shifted from using cash flow to issuing convertible notes to buy Bitcoin and plans to explore other funding methods for additional purchases. Saylor mentioned that he essentially borrowed money at a 1% interest rate to acquire Bitcoin.Bloomberg anticipates that a new accounting system next year will turn the currently loss-making MicroStrategy into a profitable company. This is because Bitcoin assets will be revalued at market value, potentially leading to a net profit of $2 billion for the company next year, compared to a loss of approximately $200 million this year.