MicroStrategy Added Almost 9,000 Bitcoins to Its Holdings in Third Quarter

Posted on by American Coins & Gold

MicroStrategy Added Almost 9,000 Bitcoins to Its Holdings in Third Quarter
MicroStrategy (Nasdaq:MSTR), the business-intelligence software firm that holds so much bitcoin on its balance sheet that it’s become something a proxy for the world’s biggest cryptocurrency, said it added almost 9,000 bitcoins to its holdings in the the third quarter, bringing its total to 114,042.The company said it purchased the bitcoin by “successfully raising capital in the quarter through our at-the-market equity offering.” At current prices, the value of its bitcoin holdings is worth just over $7 billion; MicroStrategy’s entire market capitalization is roughly $7.4 billion.The carrying value of MicroStrategy’s bitcoin was $2.406 billion, which reflects cumulative impairment losses of…