Microstrategy’s Bitcoin (BTC) Loss in Third Quarter Drops 99%: Just $700K

The software company MicroStrategy, founded by Michael Saylor, announced its financial reports for the third quarter of 2022. The company did not compromise on its Bitcoin (BTC) policy.

MicroStrategy November 1 on its official website on the date of 2022 third to a quarter disclosed its financial reports. New CEO Phong Le, the company Bitcoin continued its policy. received this quarter 301 With Bitcoin, the company’s total 130,000 He got Bitcoin.

The cost of Bitcoins received in the third quarter 6 million Average cost per bitcoin when in dollars 19,860 declared as. The company’s total Bitcoin cost 4 billion dollars while the average price per Bitcoin rises to 30,639 fell.

Average price of the company’s Bitcoins in the past quarter 30,664 were at dollar levels. The company totaled its Bitcoin investments in the third quarter. 700,000 dollars lost. in the first two quarters, respectively. 170 million dollars and 918 third-quarter loss alongside million-dollar loss reasonable limits in left. The company’s total Bitcoin loss in 2022 1,088 rose to billions.

In the main field of activity of the company, its total revenues 2.1% in decline 125.4 million dollars. The product licenses and subscription fees sold by the company increased compared to the previous quarter, while product support revenues 6%It fell over . The company on its balance sheet 60.4 He said he had millions of dollars in cash.

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