Today news
About the same in other media
16.11 - 13:01
MicroStrategy added 9,000 BTC last quarter, its stash is now worth $7 billion
Reading now: 939
MicroStrategy added almost 9,000 Bitcoin to its holdings in Q3, bringing its total BTC stash to a valuation of around $7 billion.
The company highlighted the purchase of 8,957 BTC in its Q3 report on Oct. 28, with the firm’s perma-bull CEO Michael Saylor stating that there is more BTC accumulation to come:
The software firm has increased its Bitcoin holdings by 198% since the same period last year, and as of Sept. 30 the total stood at 114,042 BTC with an estimated average purchasing price of $27,713 per coin, or a total spend of $3.16 billion.
On paper, Microstrategy posted a carrying value of $2.406 billion for its BTC holdings at an impairment loss of $754.7 million since the acquisition, however this is a paper loss.
As the firm
Read more on cointelegraph.comAbout this in other media
Do Bitcoin and other cryptos have any added advantages over equities ambcrypto.com /2 years ago
Bitcoin: These trigger points are key to checking if BTC is going bearish ambcrypto.com /2 years ago
EthereumX token gains over 70,000,000% in less than a day ambcrypto.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
