The largest independently held publicly traded business intelligence firm, MicroStrategy, released its financial results today for the three months that concluded on September 30, 2023.
MicroStrategy’s Chief Financial Officer, Andrew Kang, revealed that the company has added 6,067 bitcoins since the end of the second quarter, bringing its total holding to 158,400 bitcoins. He also said, “Our commitment to acquire and hold bitcoin remains strong, especially with the promising backdrop of potential increased institutional adoption.”
The initial cost basis and market value of the company’s bitcoin were $4.681 billion and $4.277 billion, respectively, as of September 30, 2023.
Also Read: MicroStrategy, Led by Michael Saylor, Reap Rewards of $4.68 Billion Bitcoin Investment
