MicroStrategy Adds 850 Bitcoins to its Holdings in January Alone

Tysons Corner, VA, Monday, February 12, 2024- MicroStrategy’s Q4 Earnings Statement also revealed that it had purchased an additional 850 Bitcoins in January 2024 alone.¹

Its total holdings now stand at 190,000, valued at approximately $8.1 billion.

Its Q4 2023 earnings statement also reveals that the company had purchased 56,650 Bitcoins throughout 2023 at an average price of $33,580.

“We acquired 31,755 additional bitcoins since the end of the third quarter, marking the largest quarterly bitcoin holdings increase in the last 3 years and the 13th consecutive quarter of adding more Bitcoin on our balance sheet,” said Andrew Kang, Chief Financial Officer, MicroStrategy.

“We benefited from the significant increase in bitcoin prices in Q4 and we also continued to leverage our strategic capital markets activities and cash on hand to accumulate more bitcoin and accrete incremental value for our shareholders. It is through our unique bitcoin strategy and solid track record that we now hold 190,000 bitcoins at an aggregate purchase price of $31,224,” Kang said.

Despite falling short of revenue targets, MicroStrategy reported a net income of $89.1 million, compared to a loss of $249.7 million in 2022.

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