MicroStrategy buys 122 BTC in April to bring total holdings to 214,400 BTC
Quick Take
- Michael Saylor’s MicroStrategy purchased $7.8 million worth of BTC in April, bringing its total holdings to 214,400 BTC.
- In all, the firm reported a 5% decrease in year-over-year revenue of $115.2 million.
Michael Saylor's firm MicroStrategy released Monday new figures on its bitcoin holdings, alongside its first-quarter 2024 earnings report.
The firm holds a total of 214,400 bitcoin valued at $7.54 billion overall, or $35,180 per token, the quarterly report notes. Since the end of the fourth quarter, the firm bought 25,250 bitcoin for $1.65 billion at $65,232 per BTC. Saylor noted in a social media post that the firm acquired an additional 122 BTC for $7.8 million in April.
By March 31, MicroStrategy reported 214,278 BTC holdings. The firm likely purchased 32 BTC after March 19, when it disclosed it held 214,246 BTC, The Block previously reported.
The firm reported a 5% decrease in year-over-year revenue of $115.2 million.
"In the first quarter we raised over $1.5 billion by executing again on our capital markets strategy including two successful convertible debt offerings," said MicroStrategy Chief Financial Officer Andrew Kang in a statement. "We acquired 25,250 additional bitcoins since the end of the fourth quarter, our 14th consecutive quarter of adding more bitcoin to our balance sheet. We believe that the combination of our operating structure, bitcoin strategy, and focus on technology innovation provides a unique opportunity for value creation for our shareholders."
MicroStrategy's stock closed Monday's regular trading session at $1,292.97, giving it a market cap of $22.8 billion. Shares are down 5.16% in after-hours trading, according to Google Finance.
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