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Strategy CEO Calls It ‘Most Misunderstood’ Stock as Q2 Profit Hits $10B and Bitcoin Plans Expand
In a recent earnings call, the Chief Executive Officer (CEO) of Strategy has described his company as the “most misunderstood” stock, following a remarkable second quarter that saw profits hit $10 billion. This statement comes amid a backdrop of declining shares in after-hours trading.
The CEO, Phong Le, emphasized during the call that Strategy is undervalued compared to its peers within the S&P 500 index. He went on to highlight the company’s strong financial performance, including a staggering 7,100% year-on-year increase in operating income, which reached $14 billion. This growth was fueled by fair value accounting, which factors in unrealized gains from its substantial Bitcoin holdings.
At the time of reporting, Bitcoin traded at approximately $115,898 per coin.
Source: coinchapter.com
