Software developer MicroStrategy (MSTR) revealed the acquisition of an additional 155 bitcoins (BTC) in October in conjunction with its third-quarter earnings report. This brings the total amount of BTC acquired since the beginning of Q3 to 6,607.
By the end of October, the company that Michael Saylor co-founded in Tysons, Virginia, had amassed 158,400 bitcoins, buying them for $4.69 billion, or $29,586 apiece.
During the third quarter, the company recorded a $33.6 million impairment loss on its holdings of digital assets. The total impairment losses have now increased to $2.23 billion, which corresponds to an average carrying value of $15,491 per bitcoin. Of course, that doesn’t really reflect the market value of the company’s bitcoin on September 30 ($27,030), nor the price of just under $35,000 right now.
Saylor stated during the earnings call that he believed the crypto industry’s growing regulatory clarity is giving institutional investors “more comfort to be able to participate.”
“I think we’ll see positive regulatory initiatives that will create more clarity and consistency during the coming 12 months,” he said. Midway through Thursday morning, MSTR shares are up 2.3% to $436.37.