MicroStrategy Purchased 9,000 BTC in 3rd Quarter
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29 October
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According to a quarterly report shared on October 28 by analysis software provider MicroStrategy, the company bought nearly 9,000 Bitcoins during the third quarter of the year. As a result, the company’s total BTC holdings are valued at about $7 billion.

According to the company CEO Michael Saylor, MicroStrategy bought a total of 8,957 BTC and the company intends to continue investing in the benchmark crypto in the future. He has stated:

"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."

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It must be noted that compared to the same period last year, the company has increased its Bitcoin holdings by 198%, and as of September 30 the total was up to 114,042 BTC with an estimated average purchase price of $27,713 per coin, or a total spend of $3.16 billion.

Considering the Bitcoin price is $60,000 today, the company would make nearly $3.75 billion in profit if it sold all the Bitcoins it owns today.

According to the report, the company reported total revenue of $128 million for the quarter, up 0.5% compared to MicroStrategy's Q3 2020 results.

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