MicroStrategy Bets Big on Bitcoin: Is It a Revolution or a Risky Bubble?

MicroStrategy’s recent surge in earnings is a testament to the power of Bitcoin. The software company, which turned a significant portion of its cash into Bitcoin early on, saw an impressive $2.8 billion profit in Q3 2025, fueled by unrealized gains from their large holdings. However, this success has come with heavy reliance on leverage and questions remain about the long-term viability of their strategy.