MicroStrategy Keeps Buying Bitcoin, Now Holds Over 158K BTC With $900M Profit Despite Revenue Loss
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MicroStrategy has bought over 6,000 BTC since Q3, now holding 158,400 BTC total.
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The firm's Bitcoin holdings have a paper profit of $900 million amid the recent BTC price surge.
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MicroStrategy's Q3 revenue was $129.5 million, up 3% year-over-year, but still recorded a net loss.
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The company bought more BTC during Q3 while the price dipped below $30k, at an average of $27,590.
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MicroStrategy remains confident in its business analytics products and its Bitcoin strategy going forward.