MicroStrategy President: Buy $ 425 Million in Bitcoin to Get Company Approval

2020-10-28 05:40
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According to an Oct. 28 report from CoinDesk, MicroStrategy chairman Phong Li said on Tuesday that the 38,023 bitcoin company would increase its market share for the company in the third quarter, with sales increasing 6.4% l last year and a drop of 14.2%. laboratory. This is non-GAAP financing, the company reported revenue of $ 19.8 million ($ 2.06 per share), an increase of $ 11.6 million and from $ 113 a year earlier. Phong Li also said, “The company has taken into account significantly and irrelevantly the return of its Bitcoin investments, which has benefited our reputation and improved the awareness of our potential customers. And the company said it would make more investments.

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MicroStrategy's Bitcoin Investment Recovery Has Surpassed The Real Market
Cointelegraph announced on October 28 that MicroStrategy's Bitcoin investment is generating huge cash returns with a claim of $ 100 million. According to data released by crypto-scientist Kevin Rooke, MicroStrategy's ROI on Bitcoin over the past three years, from Q1 2017 to Q2 2020, has exceeded its actual market share. According to the data, the company had 38,250 BTC (around $ 425 million at the time of purchase between August and September), with a total value of over $ 525 million because the value of Bitcoin was not recently increased to $ 13,745. Over the past three and a half years, Microstrategy has generated $ 78 million in revenue from its operations.
2020-10-28 05:18