Microstrategy reported a 3.3% increase in total revenues to $129.5 million in the third quarter of 2023, even as the company took impairment losses of $33.6 million on its bitcoin holdings, according to the firm’s latest financial disclosure. The firm’s founder, Michael Saylor, revealed that Microstrategy purchased an additional 155 BTC for $5.3 million in October and the company now holds a grand total of 158,400 BTC.
Microstrategy Sees Revenue Growth Despite Bitcoin Impairments in Q3
This week Microstrategy (Nasdaq: MSTR) published the firm’s Q3 2023 Earnings Presentation which gives a comprehensive overview of the company’s current financial standings. In the press announcement released on Wednesday, the business intelligence (BI) software company said it has acquired approximately 158,400 bitcoins to date as part of its crypto investment strategy.
Microstrategy also launched its new Microstrategy AI software in Q3, its first offering to integrate AI capabilities using Micro
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