MicroStrategy

MicroStrategy CEO reiterates ‘long term’ Bitcoin play in Q3 earnings

MicroStrategy
MicroStrategy CEO reiterates ‘long term’ Bitcoin play in Q3 earnings

MicroStrategy, a provider of business intelligence solutions, reported a net loss of $27.1 million for the third quarter of 2018, despite the fact that it increased its Bitcoin (BTC) holdings during the same time period.

One of the largest publicly traded companies in the world has confirmed that it still holds 130,000 BTC as of the end of the third quarter of 2022. It claims to have spent around $4 billion, or $30,639 per Bitcoin, to acquire 0.62 percent of all Bitcoin ever created.

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