It was reported that MicroStrategy didn’t stop its hoarding of Bitcoin – in Q3 alone, the company added around 9,000 BTC to its holdings. In total, the stash owned by MicroStrategy is now worth $7 billion.
This was confirmed in a Q3 report yesterday with CEO Michael Saylor stating that he plans to continue to buy:
The company has 198% more Bitcoin than it had a year ago. With an estimated average buying price of $27,713 per coin, this would translate into a total spend of $3.16 billion.
Since Bitcoin currently has a price of around $60,600, the stash of the software firm would have a value of $6.9 billion, so MicroStrategy would register $3.75 billion in profit if it decided to sell right now.
MicroStrategy has $128 million worth of total revenue for that quarter. That is an increase of 0.5% compared to Q3 2020.