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MicroStrategy Inc., the enterprise-software company that calls itself the largest corporate holder of cryptocurrency, posted a massive quarterly profit late Thursday, thanks to a recent accounting rule change and a recent rally for bitcoin.
MicroStrategy
MSTR, which does business as Strategy, said that its operating income ballooned to $14.03 billion, an year-on-year increase of more than 7,000% as it included an unrealized gain on the company’s digital assets of $14 billion, which MicroStrategy was allowed to count because of the accounting change.
This post was originally published on Market Watch



