Microstrategy, Inc. (MSTR) Tops Q4 EPS by 45c; Had $1.05B in Bitcoin at End of Year

Microstrategy, Inc. (NASDAQ: MSTR) reported Q4 EPS of $2.07, $0.45 better than the analyst estimate of $1.62. Revenue for the quarter came in at $131.1 million versus the consensus estimate of $124.61 million.

As of December 31, 2020, the carrying value of MicroStrategy’s digital assets (comprised solely of bitcoin) was $1.054 billion, which reflects cumulative impairment charges of $70.7 million since acquisition.

“2020 was a transformational year for MicroStrategy. In our enterprise intelligence business, we continue to embrace the virtual wave. We are successfully shifting our prospects and customers to our enterprise cloud platform, and also launched our new SaaS offering, Hyper.now. We also dramatically improved the efficiency and profitability of our business,” said Michael J. Saylor, CEO, MicroStrategy Incorporated.

“Regarding our bitcoin strategy, our pioneering decision to make bitcoin our primary treasury reserve asset has made MicroStrategy a thought leader in the cryptocurrency market and generated great interest in MicroStrategy as a corporation. Going forward, we continue to plan to hold our bitcoin and invest additional excess cash flows in bitcoin. Additionally, we will explore various approaches to acquire additional bitcoin as part of our overall corporate strategy.”

For earnings history and earnings-related data on Microstrategy, Inc. (MSTR) click here.

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