In Q1’s recent estimates, Microestrategia, which holds over 91,000 Bitcoin (BTC), saw an incredible increase in sales.
CEO Michael Saylor announced in a press release on April 30 that the firm has reached far beyond its Bitcoin earnings.
Saylor: Hodling BTC creates “substantial value”
MicroStrategy continues to headline for its flattering role with respect to Bitcoin and the future, increasing its reserves irrespective of its feeling or price.
Her advocacy has seemed to be a new customer market – the sales of her goods and services have also boomed, nine months after the beginning of converting her cash reserves to BTC.
In the first quart of 2021, ‘product licensing and subscription services’ sales amounted to $31.3 million, up 52.3% or up 49.8%, on the same currency as in the first quarter of 2020,’ says the press release.
Total sales of Q1 for the same period in 2020 amounted to just above 122 million dollars, a growth of 10,3 percent.
“The results of the first quarter of MicroStrategy were a clear example that our two-pronged corporate strategy to grow and acquire and retain Bitcoin generates significant shareholder value,” Saylor said.
He said the company was ‘still happy,’ adding it would add to its already substantial reserves, with the BTC acquisition approach.
“With the aim to create additional value for shareholders, we are going to purchase and maintain extra Bitcoin,” he concluded.
As noted by Cointelegraph, this year the inventory prices of the company were volatile, something that reflected the price discovery of Bitcoin itself.
Bulls “must be concerned about nothing”
The numbers are a familiar boon to bitcoin bulls, who hang this week as no substantiation has been found for big business buy-ins like Facebook.
This has been enthusiastic in many respects combined with the familiar range of prices, although critics argue that little can be borne out.
“So far, Bitcoin so good. So good. Nothing more to think about (about), “Michaël van de Poppe, a famous trader, summarized Thursday for Twitter followers.
A corresponding diagram showed that altcoins started accélerating their own gains at $55,000, with the biggest cryptocurrency to be overcome.
As BTC/USD was published, it traded around $54,700, and in the last 24 horas they have been in full circle with a fall of less than $53,000.