---
title: "MicroStrategy’s October Bitcoin Purchase Grew Stash to 158,400 BTC"
url: https://diffcoin.com/microstrategys-october-bitcoin-purchase-grew-stash-to-158400-btc/
description: "MicroStrategy's October bitcoin purchase brings the company's total BTC holdings to 158,400."
published: 2023-11-02
updated: 2023-11-02
author: "Mila"
site: "Diffcoin"
---

# MicroStrategy’s October Bitcoin Purchase Grew Stash to 158,400 BTC

Major business intelligence company MicroStrategy continues to accumulate more bitcoin, as it just announced an additional 155 BTC purchase for over $5 million in October.

The firm, which remains the largest corporate bitcoin holder in the world, currently holds 158,400 BTC.

- MicroStrategy’s former CEO and bitcoin proponent Michael Saylor announced the October purchase on X, stating that the company spent $5.3 million to buy the crypto asset.

> In October, [@MicroStrategy](https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw) acquired an additional 155 BTC for $5.3 million and now holds 158,400 BTC. Please join us at 5pm ET as we discuss our Q3 2023 financial results and answer questions about the outlook for [#BusinessIntelligence](https://twitter.com/hashtag/BusinessIntelligence?src=hash&ref_src=twsrc%5Etfw) and [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw). [$MSTR](https://twitter.com/search?q=%24MSTR&src=ctag&ref_src=twsrc%5Etfw)
> 
> — Michael Saylor⚡️ (@saylor) [November 1, 2023](https://twitter.com/saylor/status/1719807461719216241?ref_src=twsrc%5Etfw)

- As previously reported by *CryptoPotato*, the business intelligence company bought 5,445 BTC for $147.3 million at an average price of $27,053.
- MicroStrategy revealed in its Q3 earnings report that it had purchased 6,067 bitcoin for $167 million, for an average price of $27,531, since the end of the second quarter. This brought its total bitcoin holdings to 158,400, acquired with $4.69 billion at an average price of $29,568 per BTC.
- While MicroStrategy’s total revenue for Q3 2023 was up over 3% at $129.5 million compared to the same period in 2022, the firm recorded some losses.
- According to its earnings report, the company’s net loss in Q3 2023 was $143.4 million, which included a digital asset impairment loss of approximately $34 million. The results reflect worse figures compared to Q3 2022, where MicroStrategy recorded a net loss of $27.1 million, with a digital asset impairment loss of $0.7 million.
- Despite the results, Chief Financial Officer at MicroStrategy, Andrew Kang, stated that the company will continue accumulating and holding bitcoin.

> “Our commitment to acquire and hold bitcoin remains strong, especially with the promising backdrop of potential increased institutional adoption.”

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