MicroStrategy's Q1 2023: Strong Revenue, Bitcoin Investments, and Loan Repayment.
Originally Published 2 years ago — by Benzinga
MicroStrategy reported Q1 revenue of $121.9 million, beating Street estimates, with product licenses and subscriptions revenue up 23.4% YoY. The company holds approximately 140,000 Bitcoin with a carried value of $2 billion. MicroStrategy World, showcasing the company's MicroStrategy One platform and product innovation, is being held in Orlando, Florida. The company aims to grow revenues, transition to the cloud, manage costs, and strengthen margins.