MicroStrategy buys $37M Bitcoin bringing holdings to 190,000 BTC

MicroStrategy, the largest publicly traded holder of Bitcoin, says it acquired an additional 850 BTC in January bringing its total holdings to 190,000 BTC — worth $8.1 billion.

In its Q4 2023 Feb. 6 earnings call, the business software firm’s chief financial officer, Andrew Kang, said it acquired 56,650 BTC throughout 2023 at an average price of $33,580.

Overall, MicroStrategy posted a net income of $89.1 million, compared with a loss of $249.7 million in the year prior. The company’s revenue decreased 6.1% to $124.5 million within the same time frame, according to a Feb. 6 earnings statement.

MicroStrategy executive chairman Michael Saylor said its 2023 performance could be attributed to investors recognizing the broader theme of a “digital transformation” of assets.

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Feb-7-2024 09:10:51 AM