MicroStrategy, a business analytics company, <a href="https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/events-presentations/Q3-2022_microstrategy-earnings-presentation.pdf" target="_blank" rel="nofollow noopener">reported</a> third-quarter earnings that indicated a significant loss of $27.1 million while continuing to expand its <a href="https://www.cryptoknowmics.com/news/bitcoin-miner-argo-failed-to-raise-27-million-fund-shares-fall">Bitcoin</a> holdings despite the difficult cryptocurrency market circumstances.

After Q3 2022, the most prominent publicly-traded business owner of Bitcoin announced that it will still have 130,000 BTC. It claims that this sum was purchased for almost $4 billion, or $30,639 per BTC. Due to constant Bitcoin prices over the previous quarter, the business declared valuation adjustments for the quarter of $727,000 on November 1 in contrast to the $917.8 million it reported in the q2 of 2022 or the $65 million for a similar period last year.
<h2>MicroStrategy to Incurr Losses</h2>
According to MicroStrategy, the company incurred cumulative impairment losses of almost $2 billion as of September 30. An impairment charge is an accounting phrase used by corporations to represent a decrease in the value of owned assets.

<a href="https://www.cryptoknowmics.com/news/microstrategy-could-raise-up-to-500-million-to-purchase-bitcoin/">Phong Le</a>, president and CEO of MicroStrategy, reaffirmed the company's long-term holding plan in a quarterly report.  He stated that the goal is to buy and retain Bitcoin for a long time to restate the approach. Additionally, they have no immediate plans to sell bitcoin. The short-term changes in the price of bitcoin have no bearing on the long-term outlook.
<h2>Report of Adjusted Profits Per Share Losses</h2>
MicroStrategy reported adjusted profits per share deficits of $0.96, as opposed to expert projections of a loss of $0.94, while sales of $125.4 million were above expectations by just 0.05%.

For the first and second quarters of the previous year, the company's revenues totaled $119.3 and $122.1 million, respectively. The company's subscription services, which have grown by 51% year over year and now account for $16.4 million of its Q3 sales, are MicroStrategy's speediest revenue stream.

MicroStrategy CEO Restated Long-Term Bitcoin Position in Q3 Results

MicroStrategy CEO has stated that they have no immediate plans to sell bitcoin. He reaffirmed the company's long-term holding plan in a quarterly report.

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MicroStrategy CEO Restated Long-Term Bitcoin Position in Q3 Results

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