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MicroStrategy added 9,000 BTC last quarter, its stash is now worth $7 billion
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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
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