MicroStrategy CEO reiterates ‘long term’ Bitcoin play in Q3 earnings By Cointelegraph
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MicroStrategy CEO reiterates ‘long term’ Bitcoin play in Q3 earningsThe third quarter earnings for business intelligence firm MicroStrategy revealed a narrowed net loss of $27.1 million for the quarter, while it continues to grow its (BTC) portfolio despite poor crypto market conditions.
The world’s largest publicly traded corporate Bitcoin owner confirmed it still owns 130,000 BTC at the end of Q3 2022. That amount represents 0.62% of all Bitcoin that will ever be owned, which it says was acquired for a total cost of around $4 billion, or $30,639 per BTC.
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MicroStrategy CEO reiterates ‘long term’ Bitcoin play in Q3 earningsThe third quarter earnings for business intelligence firm MicroStrategy revealed a narrowed net loss of $27.1 million for the quarter, while it continues to grow its (BTC) portfolio despite poor crypto market conditions.
The world’s largest publicly traded corporate Bitcoin owner confirmed it still owns 130,000 BTC at the end of Q3 2022. That amount represents 0.62% of all Bitcoin that will ever be owned, which it says was acquired for a total cost of around $4 billion, or $30,639 per BTC.
Continue Reading on Coin Telegraph
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