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MicroStrategy Expected to Report Revenue of $131m in Q4 Earnings Report

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Today’s Cryptocurrency Headline

MicroStrategy will report fourth-quarter earnings on February 2nd after the market closes. Revenue is expected to exceed $131 million, down from $134.5 million a year earlier. But at the same time, MicroStrategy will turn a profit, with net income expected to reach $107. million, which will be MicroStrategy’s first profit since the fourth quarter of 2020. According to previous news, in December last year, MicroStrategy increased its holdings by about 2,500 BTC through two purchases and one sale.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin is up 1.03% over the last 24 hours and rose to an intraday high of $23,320.00. The largest cryptocurrency rose near the $24,000 price level on Jan 29, but Bitcoin could not keep the upward momentum in the following days, suggesting the traders may have taken their profit. The rising 20-day exponential moving average ($21,894) and the relative strength index (RSI) in the overbought zone suggest that the market sentiment is very strong. If the BTC/USDT pair sustains above $23,000, the pair could rise to $25,000.

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