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CryptoNewsZ 2023-11-02 13:45:21

MicroStrategy posts Q3 loss after writing down BTC value

MicroStrategy began amassing Bitcoin in large quantities as a hedge against inflation in 2020. Nonetheless, this strategy appears to have failed at present. MicroStrategy decreased the token’s value and incurred a loss during the third quarter of this year. MicroStrategy is a publicly traded software maker with the largest holding in Bitcoin. Writing down the …

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