Microstrategy To Reveal Q3 Report Soon, More Bitcoin Accumulation Ahead ?

2021 was a great year for the crypto industry as most of the large-cap cryptocurrencies like Bitcoin that hit an all-time high. However, 2022 was just as disastrous. Stocks, bonds, crypto assets and several other risk assets faced severe crashes. 

However, after being under bearish control for such a long time, the crypto market seems to be recovering. Bitcoin has regained its crucial $20,000 level and is currently trading at $20,501.

Microstrategy Suffers Losses

Microstrategy, which holds a record for having the largest bitcoin org bitcoin org - Event OrganiserTechnologyPayment solution holding, is set to reveal its quarterly earning reports. Investors and traders are eagerly looking forward to the strategy that the company is expected to reveal in its report. At the moment, the company’s Bitcoin holding is around 50% unrealized loss against the total investment made to buy Bitcoins.

The firm’s Q2 report was not great as it had reported a loss of nearly $1 billion. It’s important to know that even after the flagship currency managed to gain $20,000, most Bitcoin investors are still trading in losses. Microstrategy is popularly known for accumulating Bitcoin whenever there is a price drop. Would the terrible macroeconomic conditions have brought a change in the company’s approach toward BTC and crypto, in general? 

Earlier in August, michael saylor michael saylor Michael Saylor is a Co-founder of Strategy formerly MicroStrategy. Before founding Microstrategy, he was a rocket scientist and studied aeronautics and astronautics at MIT on an Air Force scholarship. He dubs Bitcoin 'Digital Gold'. He made some early investment in Bitcoin as soon as he realized it was going to be the next big thing in shaping decentralized finance from traditional finance. His firm Strategy has made Bitcoin their primary treasure reserve. He is a vocal advocate and Top Bitcoin Speaker who participates in various Bitcoin and Crypto events. Michael Saylor is highly skilled in and has a rich knowledge of numerous fields, including analytics, data warehouses, SaaS, management, cloud computing, enterprise architecture, mobile devices, and many more.   Personal Details: Born: Feb 4, 1965Location: United StatesGraduation: He graduated from MIT in 1987 with a double major in aeronautics, science, technology, and society.    Michael Saylor – Career Timeline 1983–1987: Studied Aeronautics & Astronautics and Science, Technology & Society at Massachusetts Institute of Technology (MIT). 1989: Co-founded MicroStrategy (Strategy). 1998: MicroStrategy IPO – Took MicroStrategy public on the NASDAQ at $12 per share. 2000: Accounting Scandal & Crash – MicroStrategy's stock plunged 62% in a day due to an accounting misstatement, wiping out billions in valuation. 2004–2019: MicroStrategy Rebuilds – Worked towards cloud-based analytics and AI-driven business intelligence, regaining stability. 2020: Bitcoin Strategy & Investment – Led MicroStrategy’s $425M Bitcoin investment. He made it the first publicly traded company to adopt Bitcoin. 2021: Bitcoin Evangelism – Became one of Bitcoin’s most vocal advocates, encouraging corporations and institutions to adopt BTC and blockchain. 2022: Stepped Down as CEO – Transitioned to Executive Chairman to focus entirely on Bitcoin strategy.     [email protected] EntrepreneurCrypto and Blockchain ExpertAuthor resigned from the post of Microstrategy CEO, but continues to act as the company’s executive chairman. At present, he is also concerned with matters related to Microstrategy’s Bitcoin acquisition strategy and other crypto-related matters.

Bitcoin Treasuries claim that, as of October 2022, Microstrategy holds 130,000 BTC and in the month of September, the firm had purchased 301 BTC worth around $19,851.