#shibaInu Drama Unfolds: Big Money Influx Sparks Concerns About #Meme Coin’s Direction. Block reported a 37.5% growth in Bitcoin-related revenue. The company’s #Bitcoin revenue reached $2.42 billion, marking a substantial increase compared to the previous year’s $1.76 billion. Furthermore, the gross profit derived from bitcoin also saw an improvement, rising from $36 million to $44 million year-over-year. Of importance is the fact that the market value of these holdings exceeded their book value by $114 million. MicroStrategy, a business intelligence firm headed by #Saylor , announced the purchase of an additional 155 bitcoins in October. This acquisition brought the total number of bitcoins acquired since the beginning of Q3 to 6,607. As of the end of October, #MicroStrategy owned a substantial 158,400 bitcoins, procured at a total cost of $4.69 billion, approximately $29,586 per bitcoin. However, it’s worth noting that MicroStrategy recorded an impairment loss on its digital asset holdings during Q3. The company reported an impairment loss of $33.6 million, bringing the cumulative impairment losses to $2.23 billion.

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