Michael Saylor's MicroStrategy purchased $7.8 million worth of BTC in April, bringing its total holdings to 214,400 BTC.
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."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.
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. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2023 The Block.
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