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Saylor calls new Bitcoin bull market, but Strategy’s own numbers reveal a costly problem

Strategy posted a document $20.9 billion in third-quarter working revenue as Michael Saylor declared a new Bitcoin bull market. The firm’s Oct. 29 monetary outcomes confirmed internet revenue of $19.5 billion, in contrast with roughly $2.8 billion a yr earlier. The document working revenue got here nearly solely from a $20.9 billion acquire from modifications within the…

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