#MicroStrategy's Doubles Down on Bitcoin, Now Owns 1% of Supply

Despite a revenue dip, MicroStrategy keeps gobbling up Bitcoin. Their latest purchase of $1.65 billion brings their total holdings to 214,400 BTC, nearly 1% of all Bitcoin in existence!

While overall sales fell, their cloud software business is growing (subscription services up 22%). However, a net loss of $53.1 million was reported, mainly due to a $191.6 million Bitcoin impairment charge.

MicroStrategy remains bullish on Bitcoin, citing factors like new Bitcoin ETFs and rising institutional interest. They even raised $1.5 billion to fuel further purchases.

So, is buying MicroStrategy stock the same as buying Bitcoin? That's what CEO Michael Saylor seems to suggest, pointing to the stock's 937% surge since their Bitcoin buying spree began.

While facing financial constraints, MicroStrategy is confident its cloud business and Bitcoin's future will propel their success. #MicroStrategyBTC #michaelsaylor #cryptoniteuae #Bitcoin $BTC