Michael Saylor founded business intelligence firm MicroStrategy added 155 Bitcoin for $5.3 million in October.
acquired an additional 155 BTC for $5.3 million and now holds 158,400 BTC. Please join us at 5pm ET as we discuss our Q3 2023 financial results and answer questions about the outlook forIt seems that the company decided to hoard more BTC amid a bull run as its price touched the $35K-price mark.“Our commitment to acquire and hold bitcoin remains strong, especially with the promising backdrop of potential increased institutional adoption.
MicroStrategy has been bullish on the king coin for years. In fact, the company has added 6,067 Bitcoin to its portfolio for $167 million since July 2023—for much of this period, the crypto market was witnessing a harsh winter. The purchase stood at $27,531 per BTC during this period.BTC was trading at $35,350 at press time.its Bitcoin portfolio as a part of its Q3 2023 financial results. As per the results, its total revenues stood at $129.5 million, up 3% year-over-year.
Q3 results did not have a significant impact on the performance of MicroStrategy’s stock on Nasdaq. MSTR was trading at $426.28 at the time of writing.Bitcoin for the first time in 2020, buying $250 million worth of tokens. It is the largest public Bitcoin whale, with Tesla and Marathon Digital Holdings following closely behind.markedBlockchain analytics firm IntoTheBlock also found that Bitcoin whales added 18,924 BTC worth $650 million to their portfolios in the last week of October.
In the last 7 days, Bitcoin 'whales have added 18,924 BTC to their portfolios. That's an impressive $650M at today's pricesSer Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.
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