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City AM
City AM
By Darren Parkin MicroStrategy Inc appears to be shaping up to add even more Bitcoin to its colossal crypto cache. Already the world’s largest publicly-traded holder of the leading digital asset, the ‘enterprise-software’ maker revealed in trading figures that it had returned to profit. Last year, MicroStrategy was forced into a write-down during the second quarter of trading, owing to a demise in cryptocurrency prices. However, the 34-year-old company this week boasted a net income of $22.2 million ($1.54 per share) by the end of Q2 2023. A year earlier, shares had plunged to $94. MicroStrate…