#Business #intelligence firm @MicroStrategy has seen a $900 million gain on its #Bitcoin stack, driv

#Business #intelligence firm @MicroStrategy has seen a $900 million gain on its #Bitcoin stack, driven by #optimism over the potential approval of spot Bitcoin #ETFs. The firm added 6,067 Bitcoin (#BTC) since the third quarter, including another 155 in October. In October, #MicroStrategy acquired an additional 155 BTC for $5.3 million and now holds 158,400 BTC. CEO Phong Le stated that the firm is not shying away from its Bitcoin strategy, as its commitment to acquire and hold bitcoin remains strong.

MicroStrategy's revenue increased 3% year-on-year to $129.5 million over the quarter, but it recorded a net loss of $143.4 million. #Digital #asset #impairment #losses and income taxes attributed $33.6 million and $109.6 million of the total net losses.

MicroStrategy #capitalized on the downward period by buying the 6,067 BTC for an average price of $27,590. The #firm is #confident with its #artificialintelligence-integrated business analytics products, with software licenses and subscription services increasing 16% and 28% year-over-year.