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Microstrategy Boosts Bitcoin Holdings to 226,500 BTC With Q2 Acquisitions

Bitcoin.com
Microstrategy Boosts Bitcoin Holdings to 226,500 BTC With Q2 Acquisitions
Andrew Kang
Microstrategy Boosts Bitcoin Holdings to 226,500 BTC With Q2 AcquisitionsNasdaq-listed Microstrategy acquired 12,222 bitcoins in the second quarter, bringing its total holdings to 226,500 BTC. CEO Phong Le and CFO Andrew Kang expressed optimism about future bitcoin support and emphasized the company’s financial strategies. Despite net losses, Microstrategy remains committed to its bitcoin strategy. Microstrategy Expands Bitcoin Holdings Microstrategy Inc. (Nasdaq: MSTR) reported its […]
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Crypto-Friendly Mercado Libre Becomes Latam’s Largest Company

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MicroStrategy Q1 net loss hits $53.1M but Bitcoin buying spree continues

Coin Telegraph
MicroStrategy Q1 net loss hits .1M but Bitcoin buying spree continues
accounting

MicroStrategy has yet to adopt the new accounting standard that would have taken the billions of dollars in paper gains from Bitcoin’s 65% price rally into account.

MicroStrategy, the largest corporate holder of Bitcoin (BTC), reported a net loss of $53.1 million in the first quarter of 2024, while the firm continued to stack more Bitcoin in April.

The net loss came as the firm recorded a $191.6 million digital asset impairment loss in the quarter, up 10 times from the prior year period. Revenue also fell 5.5% compared to the first quarter of 2023, reaching $115.2 million, according to MicroStrategy’s Q1 results filing.

The firm is, however, yet to adopt the new digital asset fair value accounting standard — which would have taken into account the 65% increase in fair value (or market value) of Bitcoin during the quarter.

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Crypto-Friendly Mercado Libre Becomes Latam’s Largest Company

Crypto-Friendly Mercado Libre Becomes Latam’s Largest Company

MicroStrategy’s Bitcoin Stash Grows to 190,000 BTC After Adding $37,200,000 Worth in January

The Daily Hodl
MicroStrategy’s Bitcoin Stash Grows to 190,000 BTC After Adding ,200,000 Worth in January
Bitcoin
MicroStrategy’s Bitcoin Stash Grows to 190,000 BTC After Adding ,200,000 Worth in January

Business intelligence firm MicroStrategy continues to solidify its status as the world’s largest corporate holder of Bitcoin (BTC) with its most recent purchase of the flagship digital asset. In a new thread, MicroStrategy founder Michael Saylor says that the company bought an additional 850 BTC for a price of about $37 million in January. The […]

The post MicroStrategy’s Bitcoin Stash Grows to 190,000 BTC After Adding $37,200,000 Worth in January appeared first on The Daily Hodl.

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Crypto-Friendly Mercado Libre Becomes Latam’s Largest Company

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