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Strategy Returns to Profitability on $21 Billion Unrealized Gain
Source: Bloomberg
Corporate EarningsCrypto & Digital AssetsCompany Fundamentals
Strategy Inc. returned to profitability for the first time in four quarters after an unrealized gain increased the value of its Bitcoin holdings during the late-summer cryptocurrency rally. The report attributes the return to profit to Bitcoin valuation gains; it provides no gain amount or other earnings figures.
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