MicroStrategy Surpasses Q3 Expectations, Expanding Bitcoin Holdings

Microstrategy’s strong Q3 earnings report has reverberated across the cryptocurrency market, signaling a potential shift in institutional investment strategies. The company exceeded financial forecasts, reporting EPS of $8.42 and $128.7 million in revenue compared to expectations of $7.90 for EPS and $118.3 million in revenue. This success is attributed to their Bitcoin holdings, which stand at 640,808 BTC valued at $47.44 billion as of October 26th.