MicroStrategy software firm owns a total of 114,042 BTC
Software firm MicroStrategy added more numbers of Bitcoin and planned to add more in the fourth quarter.
Michael Saylor, CEO of MicroStrategy, is not stopping to show his bullish nature on bitcoin. In every quarter and every dip, they are buying Bitcoin for his company.
The company published their Q3 earnings call report on 28 October. Through the report, Michael Saylor revealed that MicroStrategy bought 8,957 Bitcoin, worth $6.9 billion. And also clearly said that his company is going to buy more and more Bitcoin.
“Today, MicroStrategy is the world’s largest publicly traded corporate owner of Bitcoin with over 114,000 Bitcoins. We will continue to evaluate opportunities to raise additional capital to execute on our Bitcoin strategy.”
If we look at the current record, MicroStrategy holds a total of 114,042 BTC. The average buy price per bitcoin for MicroStrategy is around $27,713. And the company holds a total of $3.16 billion worth of Bitcoin (at buy price).
MicroStrategy follows all legal procedures toward its Bitcoin holdings strategy. They keep reporting about their gain and loss due to pump and dump in the price of Bitcoin. Through the earnings report, he showed that Company lost $754.7, which is a paper loss record. While the company is in profit.
If we consider the current price of Bitcoin then MicroStrategy holds $6.9 billion worth of Bitcoin. So clearly the company has a total profit of $3.75 billion.
Michael Saylor to other tech companies
In many interviews and meetings, Micheal Saylor suggested many companies should integrate their services with bitcoin because Bitcoin is an innovative technology.
Michael usually gives examples of Twitter, Tesla & Square like companies, which are giving Bitcoin integrated services.
Read also: Singapore’s Central Bank head sees future in Stablecoins
