Published by
Benzinga
Benzinga
Major cryptocurrencies recorded gains on Monday evening, following news of Business intelligence firm MicroStrategy Inc’s (NASDAQ:MSTR) return to profitability in the second quarter. What Happened: In its Q2 earnings results filing on Monday, MicroStrategy announced a significant improvement in its financial performance. The company reported a net income of $22.2 million, a turnaround from a net loss of $1.1 billion in the same period last year. Despite a relatively stable total revenue of $120.4 million, the primary factor driving this shift was the considerable decrease in digital asset impa…