Michael Saylor’s MicroStrategy bought 122 BTC It was valued at $7.8 million in April. This brings total holdings to 214,400 BTC.
The company holds a total of 214,400 Bitcoin worth a total of $7.54 billion, or $35,180 per token, according to the report.regularQuarterly, since the end of the fourth quarter, the company bought 25,250 bitcoin for $1.65 billion at $65,232 per BTC.
Saylor noted inPostIt took to social media that the company had purchased an additional 122 BTC for $7.8 million in April.
The company reported that Year-over-year revenue fell 5% to $115.2 million.
“In the first quarter, we raised over $1.5 billion. including two successful convertible debt offerings,” said Andrew Kang, Chief Financial Officer of MicroStrategy said in a statement
“We have gained 25,250 Bitcoins since the end of the fourth quarter. This marks our 14th consecutive quarter of adding Bitcoin to our balance sheet. And we believe that the combination of our operating structure, Bitcoin strategy, and focus on technological innovation It will provide a unique opportunity for creating value for our shareholders.”
MicroStrategy Stock It closed regular trading Monday at $1,292.97, giving it a market value of $22.8 billion. The price fell 5.16% in after-hours trading, according to Google Finance data.
refer : theblock.co
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