{"id":24342,"date":"2023-11-03T07:32:47","date_gmt":"2023-11-03T07:32:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/microstrategys-bitcoin-accumulation-grows\/"},"modified":"2023-11-03T07:32:47","modified_gmt":"2023-11-03T07:32:47","slug":"microstrategys-bitcoin-accumulation-grows","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/microstrategys-bitcoin-accumulation-grows\/","title":{"rendered":"MicroStrategy’s Bitcoin Accumulation Grows"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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The well-known software provider MicroStrategy has disclosed its most recent Bitcoin acquisition in tandem with its third-quarter financial results. The business said that it had bought an extra 155 bitcoins (BTC) in October. With this most recent purchase, their total Bitcoin holdings since the beginning of Q3 have increased to an astounding 6,607.<\/p>\n

By the end of October, Michael Saylor, a proponent of cryptocurrencies, co-founded MicroStrategy, a Tysons, Virginia-based company, with 158,400 bitcoins in its virtual safe. The total cost of these assets was $4.69 billion, or an average of $29,586 per bitcoin at the time of acquisition.<\/p>\n

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Evaluating Impairment and Market Value<\/strong><\/h2>\n

In Q3, MicroStrategy reported an impairment loss of $33.6 million on their digital assets, even with their substantial holdings in Bitcoin. This resulted in an astounding $2.23 billion in accumulated impairment losses. These numbers show that a bitcoin is worth, on average, about $15,491 in carrying value. It is important to highlight that these figures are far less than their assets\u2019 market worth of $27,030 in Bitcoin as of September 30. In addition, the market price is now hovering around $35,000.<\/p>\n

Michael Saylor discussed his opinions on how the cryptocurrency market is changing during an earnings call. In his optimistic statement, he said that the growing regulatory certainty in the cryptocurrency space is giving \u201cmore comfort for institutional investors to be able to participate.\u201d In addition, Saylor expressed his hope for \u201cpositive regulatory initiatives that will create more clarity and consistency during the coming 12 months.\u201d<\/p>\n

MicroStrategy\u2019s ongoing Bitcoin holdings are evidence of the company\u2019s strong conviction in the long-term worth and promise of cryptocurrencies. Investors and industry watchers are still very interested in learning more about the future of digital assets and MicroStrategy\u2019s involvement in the cryptocurrency market, especially as legal frameworks change and institutional interest grows.<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) The well-known software provider MicroStrategy has disclosed its most recent Bitcoin acquisition in tandem with its third-quarter financial results. The business said that it had bought an extra 155 bitcoins (BTC) in October. With this most recent purchase, their total Bitcoin holdings since the beginning of […]<\/p>\n","protected":false},"author":5,"featured_media":24343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24342"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24342"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24343"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}