Microstrategy Says It Bought 7,500 Bitcoin in Q1, Holds BTC Worth Over $4 Billion
Join Our Telegram channel to stay up to date on breaking news coverage MicroStrategy, a leading provider of enterprise analytics and mobility software, offering innovative solutions to help businesses make data-driven decisions, reported on Monday that it purchased an additional 7,500 Bitcoin (BTC) in the first quarter of the year, bringing its cumulative holdings to 140,000 worth approximately $4 billion. Phong Le, the CEO of the publicly traded company said in a statement that MicroStrategy’s conviction in Bitcoin “remains strong as the digital asset environment continues to mature.” MicroStrategy Net Income Increases to $461 Million in Q1 2023 In the first quarter of this year, MicroStrategy reported a net income of $461.2 million, which is a significant improvement from the net loss of $130.8 million in the same quarter last year and the net loss of $249.7 million in the fourth quarter of 2022. The company attributed the gains to benefits from income tax...