MicroStrategy’s Bitcoin Gambit Is Poised to Become More Volatile

Micro Strategy Inc. Likely to signal return to profitability when reporting third quarter results after co-founders Michael Thaler We turned an enterprise software maker into a Bitcoin investment vehicle.

This is a notable change from the previously posted loss of over $1 billion. Three monthsthe nearly 60% plunge in the cryptocurrency forced MicroStrategy to write off the value of its holdings. Bitcoin It was up 3.7% in the most recent quarter.

Grace may be short. In upcoming quarters, MicroStrategy will most likely report more volatile results under proposed accounting rule changes…