Michael Saylor’s MicroStrategy Inc. (NASDAQ:MSTR) reported third-quarter Fiscal 2022 results registering solid year-over-year growth in subscription revenue. Also, thanks to the stable Bitcoin (BTC-USD) prices in the quarter, MSTR recorded a minor $0.7 million bitcoin impairment charge in Q3 vis-à-vis a $917.8 million impairment charge in the prior quarter. MicroStrategy provides business intelligence, mobile software, and cloud-based services. Additionally, investing in bitcoin and holding it for a long time is one of its primary corporate strategies. Notably, in Q3, MicroStrategy added 301 additional bitcoins and ended the quarter with 130,000 bitcoins, valued at $1.993 billion. MSTR stock has lost 53.
