[scottmsul]

This is interesting, I would have expected a loss. I recall MSTR had to report a loss in 2020 even though it went up a lot, due to how GAAP works with bitcoin. Basically if you buy bitcoin (or any property) at $X, then it dips to $Y, then goes back up to $Z, you have to report the difference between X and Y (purchase price - lowest point) as a GAAP loss.

[sgw928]

That $272M number is proceeds from selling digital assets, not profits.

[parentheses]

as in the sale of the btc itself.