MicroStrategy’s Bitcoin holdings are finally turning profitable, with an unrealized gain of $1.4 billion as Bitcoin surges 22% in five days — reversing a long slump. With $4.8 billion in cash reserves, they’re comfortably covered for nearly three years of obligations. Their aggressive buyback of preferred stock STRC — spending over $347 million in four weeks — is paying off, pushing STRC back toward its $100 par value. Meanwhile, signs of renewed momentum in the broader digital credit market, like SATA briefly hitting $100, hint at a potential shift in sentiment — proving MicroStrategy is not just surviving, but thriving amid crypto’s volatility.
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