Claim BonusMicroStrategy Quarterly Earnings: More Bitcoin Buying To Come?
Crypto News: United States based business intelligence company MicroStrategy ($MSTR) is set to report its financial results for the second quarter on Tuesday, August 1, 2023. As the world’s largest institutional investor in Bitcoin, the onus will be on the company’s earnings statement about the state of its BTC investments and its forecast for the upcoming quarters. Encouraging statements are likely to result in bullish effects on the crypto market, considering the further expansion of the company’s BTC holdings.
Also Read: Terra Luna Classic Community Set To Burn 800 Million Tokens, LUNC And USTC To $1?
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, 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.
Also Read: Elon Musk Gets Cryptic Invitation to Shibarium Mainnet Unveiling
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- What Will Spark the Next Bitcoin Bull Market? Bitwise CIO Names 4 Factors
- U.S. CPI Release: Wall Street Predicts Soft Inflation Reading as Crypto Market Holds Steady
- Bhutan Government Cuts Bitcoin Holdings as Standard Chartered Predicts BTC Price Crash To $50k
- XRP News: Binance Integrates Ripple’s RLUSD on XRPL After Ethereum Listing
- Breaking: SUI Price Rebounds 7% as Grayscale Amends S-1 for Sui ETF
- Solana Price Prediction as $2.6 Trillion Citi Expands Tokenized Products to SOL
- Bitcoin Price Could Fall to $50,000, Standard Chartered Says — Is a Crash Coming?
- Cardano Price Prediction Ahead of Midnight Mainnet Launch
- Pi Network Price Prediction as Mainnet Upgrade Deadline Nears on Feb 15
- XRP Price Outlook Amid XRP Community Day 2026
- Ethereum Price at Risk of a 30% Crash as Futures Open Interest Dive During the Crypto Winter
