Strategy (MSTR) is likely to register an unrealized gain of roughly $14B in Q2, establishing the bitcoin proxy among the ranks of corporate giants like Amazon (AMZN) and JPMorgan Chase (JPM), Bloomberg’s Kirk Ogunrinde and Tom Contiliano report, citing Bloomberg calculations. Strategy, which is forecast to report about $112.8M in Q2 revenue from its software division, can attribute the gain to a rebound in the price of bitcoin and a recent accounting change in regards to valuing its cryptocurrency holdings.
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