MicroStrategy Q3 Earnings Highlights: Revenue Beat, Bitcoin Holdings Update And Average Cost Per BTC
Portfolio Pulse from Chris Katje
MicroStrategy Inc reported Q3 revenue of $129.5 million, beating the Street consensus estimate of $126.38 million. The company also reported a loss of $8.98 per share. MicroStrategy acquired 6,067 Bitcoin since the end of Q2, bringing its total Bitcoin holdings to 158,400. The company's shares were trading at $430 after-hours Wednesday.
November 01, 2023 | 9:08 pm
News sentiment analysis
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POSITIVE IMPACT
MicroStrategy's increased Bitcoin holdings could indicate confidence in the cryptocurrency, potentially impacting its price.
MicroStrategy's increased Bitcoin holdings could be seen as a vote of confidence in the cryptocurrency, potentially attracting more investors and driving up its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MicroStrategy's Q3 revenue beat and increased Bitcoin holdings could positively impact its stock.
MicroStrategy's Q3 revenue beat and increased Bitcoin holdings indicate strong performance and could attract investors, potentially driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100