MicroStrategy, which has 140,000 Bitcoins, which corresponds to approximately $ 4 billion, announced its balance sheet for the first quarter of 2023.
The company's revenue was recorded as $121 million, above expectations of $119 million.
MicroStrategy pursues two corporate strategies: buying and storing Bitcoin as a trusted store of value, and growing its enterprise analytics software business to support the Intelligence Everywhere vision.
Michael Saylor, former CEO and founder of the company, is an American entrepreneur and business executive who founded MicroStrategy in 1989 with his friend from MIT, Sanju Bansal.
After serving as MicroStrategy's CEO from 1989 to 2022, he resigned to become chairman of the board and focus solely on BTC. MicroStrategy is a company that provides enterprise information, mobile software and cloud-based services to businesses around the world.
The company went public in 1998 and has become one of the leading companies in the corporate information market.
However, Saylor has had some controversial events in the past. He was accused of evading the District of Columbia $25 million in taxes by claiming to reside in Florida while living in a luxury mansion in Georgetown.
He was involved in an accounting scandal that caused MicroStrategy's stock to drop 62% in one day in 2000 and wiped out $6 billion in personal wealth.
*Not investment advice.
