Source: Blockchain Knight
MicroStrategy purchased another 850 BTC in January, with a total value of approximately US$37.2 million.
Currently, the company has 190,000 BTC, with a total spend of $5.93 billion. Despite this, the company's total revenue fell 6% year over year.
A recent report highlighted that MicroStrategy’s success last year was due to its focus on the use of artificial intelligence in business intelligence strategies.
The company said: “2023 is an extraordinary year for MicroStrategy. We have strategically raised funds, significantly increased our BTC holdings, and continued to innovate, including developing and launching MicroStrategy. Artificial Intelligence, this is our first AI-based business intelligence tool to market.”
In addition, MicroStrategy also claimed thatSince the end of September 2023, they have acquired a large number of BTC, while taking advantage of market fluctuations, keeping the average acquisition price lower than BTC’s current price.
“Since the end of the third quarter, 31,755 BTC have been acquired for $1.25 billion, or $39,411 per BTC.”
Meanwhile, as of press time, the price of BTC to $43,081. The average BTC price recorded by MicroStrategy is approximately 9% lower than today’s price.
In December 2023, Saylor claimed that the spot BTC ETF recently approved by the SEC (U.S. Securities and Exchange Commission) surpassed most traditional financial developments in the past few decades.
“This may be the biggest development on Wall Street in the past 30 years, and there is truth to this statement.”
Recent reports indicate that Saylor has been exploring selling shares of MicroStrategy.
According to previous reports, on January 3, Saylor contacted regulators to exercise MicroStrategy’s stock options. Documents show he holds 315,000 shares worth about $216 million.
However, during the fourth quarter conference call, Saylor explained that he received 400,000 stock options in 2014.
MicroStrategy launches decentralized identity protocol on Bitcoin. Enhances security, Github draft released. Uses Ordinals for key generation. Enables authentication, future integration with credential ecosystems.
EdmundThe value of MicroStrategy’s Bitcoin holdings has grown to about $13.5 billion since the company began buying the digital asset as part of its efforts to hedge against inflation.
JinseFinanceMichael Saylor strategically sells MicroStrategy stock, netting $372.7M amidst 80% surge. Actions part of pre-arranged plan, not indicative of confidence. Move coincides with company's valuation rise. Saylor anticipates Bitcoin halving event, remains optimistic about MicroStrategy's future as leveraged Bitcoin investment.
Xu LinThanks to its founder Mike Saylor's aggressive currency hoarding strategy, from 2020 to 2024, as of March 12, MicroStrategy has hoarded 205,000 BTC, with an average cost of 33,706 BTC, or 72k BTC. Calculated, the floating profit exceeds 7.8 billion U.S. dollars.
JinseFinanceExplore the possible consequences and impact of an incorrect prediction by one of Bitcoin's most fervent advocates.
JinseFinanceTD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.
JinseFinanceMicroStrategy's Michael Saylor strategically sold shares ahead of the Bitcoin ETF launch, following a pre-existing plan. This surprising move, the first in 12 years, added $20 million to his portfolio. Concerns over stock decline and ETF impact arise as the company, known for its substantial Bitcoin holdings, faces the evolving cryptocurrency market surge.
BerniceMicroStrategy capitalizes on Bitcoin's surge, earning $600 million in a day and nearing a $1 billion gain in 2024. Despite MicroStrategy's stock facing challenges, CEO Michael Saylor sees Bitcoin as the empowering force behind the company's success, emphasizing its outperformance relative to traditional assets. Closing Remark: MicroStrategy's reliance on Bitcoin, while financially beneficial, raises concerns about the volatility impact on its stock performance, highlighting the delicate balance between digital and traditional assets.
SanyaMicrostrategy's aggressive Bitcoin investments and innovative Lightning Rewards program underscore its strong belief in cryptocurrency as a key corporate asset.
BrianThe soon-to-be former CEO said splitting the roles of MicroStrategy's chief executive officer and chair would help the firm pursue its strategy of "acquiring and holding Bitcoin."
Cointelegraph