MicroStrategy's latest financial report sheds light on its Bitcoin journey, revealing both successes and setbacks
, disclosed its financial results for Q1, 2024, revealing a mixed bag of outcomes in its Bitcoin endeavors. Despite a 5% dip in total revenues year-over-year to $115.2 million, the company maintains its status as the foremost corporate holder of Bitcoin. acquired at an average price of $35,180 per coin, MicroStrategy has committed approximately $7.54 billion to its Bitcoin holdings as of April 26, 2024.reserves by acquiring an additional 25,250 BTC since the close of Q4, 2023, splurging $1.
Meanwhile, the chief financial officer reiterated the strategic importance of MicroStrategy's Bitcoin acquisitions, highlighting a consistent increase in crypto holdings for the 14th consecutive quarter. Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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