Advertisement
Advertisement
MicroStrategy Bitcoin (BTC) Holdings Hits $13.6 Billion after Latest Purchase
By:
Key Points:
- MicroStrategy’s Bitcoin holdings increased by 122 BTC in April, according to the company’s latest quarterly financial report
- Current data shows that the Michael Saylor-led firm now holds a total of 214,245 BTC (~$13.6 billion).
- Microstrategy's MSTR stock price jumped 1% since the announcement of its latest BTC purchase
In this article:
MicroStrategy’s Bitcoin holdings increased by 122 BTC in April, according to the company’s latest quarterly financial report. Current data shows that the Michael Saylor-led firm now holds a total of 214,400 BTC (~$13.6 billion).
MicroStrategy Announces Another $7.8 Million BTC Purchase
MicroStrategy, the largest Bitcoin holder among public companies, keeps buying more BTC, as its latest quarterly report indicates the company injected another $7.8 million, pushing the total amount of its crypto holdings to 214,400 BTC, valued at around $13.5 billion.
The latest purchase brings Microstrategy’s total Bitcoin holdings to 214,245 BTC worth approximately $13.6 billion at current prices.
MicroStrategy CEO Phong Le further emphasized that the Virginia-headquartered company “is committed to the continued development of the Bitcoin network,” adding that in the first quarter, MicroStartegy’s subscription services revenues and subscription billings “both grew again at double-digit growth rates.”
Despite witnessing a robust 22% year-over-year surge in subscription services revenues, totaling $23 million, the overall revenues for Q1 experienced a slight decline, reaching $115.2 million, a 5.5% decrease compared to Q1 2023. Meanwhile, operating expenses surged to $288.9 million in Q1, marking a 152.8% increase compared to the same period last year.
Following the announcement, the share price of MicroStrategy (MSTR) saw a modest uptick of 0.8%, reaching $1,292, according to FXEmpire data. Meanwhile, at press time, Bitcoin (BTC) is trading at around $63,250 as per data from CoinMarketCap.
About the Author
Ibrahim Ajibadeauthor
Ibrahim Ajibade Ademolawa is a seasoned research analyst with a background in Commercial Banking and Web3 startups, specializing in DeFi and TradFi analysis. He holds a B.A. in Economics and is pursuing an MSc in Blockchain.
Latest news and analysis
Advertisement