Enterprise intelligence agency MicroStrategy introduced its Bitcoin acquisitions for the fourth quarter of 2023 in a press launch on Feb. 6.
MicroStrategy President and CEO Phong Le mentioned:
“2023 was a rare yr for MicroStrategy as we strategically raised capital to considerably improve our bitcoin holdings … We consider that the mixture of our working construction, bitcoin technique, and concentrate on know-how innovation gives a singular alternative for worth creation for our shareholders.”
The corporate mentioned it had acquired 31,755 BTC for the reason that finish of Q3 2024 for $1.25 billion, or $39,411 per bitcoin.
MicroStrategy now holds 190,000 BTC at a complete value of $5.93 billion, or $31,224 per BTC, as of Feb. 5, 2024. The present market worth of these Bitcoin holdings, nevertheless, is considerably greater at roughly $8 billion.
MicroStrategy CFO Andrew Kang famous that the most recent additions marked the agency’s largest quarterly Bitcoin holdings improve in three years and its thirteenth consecutive quarter of Bitcoin purchases. Kang added that, aside from utilizing its strategic capital markets actions and money available to acquire BTC instantly, the corporate benefited from a rise in Bitcoin costs throughout the ultimate quarter of 2023.
Michael Saylor, founder and chairman of MicroStrategy, added that the corporate bought 850 BTC in January at a value of $37.2 million.
As for MicroStrategy’s non-Bitcoin efficiency, whole revenues for This fall have been $124.5 million, down 6% year-over-year. Subscription providers revenues have been $21.5 million, up 23% year-over-year. MSTR inventory was up 1.51% on Feb. 6.
MicroStrategy is the most important company Bitcoin investor
In its announcement as we speak, MicroStrategy described itself as the most important company holder of Bitcoin. Knowledge from CoinGecko means that the following largest Bitcoin treasury belongs to Galaxy Digital, which holds $754 million of BTC — roughly ten instances lower than MicroStrategy’s present holdings.
Different company treasuries with important Bitcoin embody these at Marathon Digital and Hut 8, Elon Musk’s Tesla, and Coinbase.
In all, 28 firms maintain $11 billion value of Bitcoin, or about 1.35% of the entire Bitcoin market cap, based on CoinGecko information.
