MicroStrategy buys 122 BTC in April to bring total holdings to 214,400 BTC | Headlines | News | CoinMarketCap
04/30/2024 04:39
Michael Saylor's firm MicroStrategy released Monday new figures on its bitcoin holdings, alongside its first-quarter 2024 earnings report. The firm …
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 …