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Crypto & Bitcoin

Saylor calls new Bitcoin bull market, but Strategy’s own numbers reveal a costly problem

Reported by Oluwapelumi Adejumo, CryptoSlate

Image: CryptoSlate

Strategy posted a record $20.9 billion in third-quarter operating income as Michael Saylor declared a new Bitcoin bull market. The company's Oct. 29 financial results showed net income of $19.5 billion, compared with roughly $2.8 billion a year earlier. The record operating income came almost entirely from a $20.9 billion gain from changes in the… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

This is an excerpt. The reporting belongs to CryptoSlate.

Read the full report on cryptoslate.com
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