Connect with us

Hi, what are you looking for?


MicroStrategy Bolsters Crypto Holdings with 31,755 Bitcoin Purchase in Q4 2023

MicroStrategy has announced the purchase of 31,755 Bitcoin at a cost of $1.25 billion in Q4 2023, increasing the company’s total Bitcoin holdings to 190,000 units.

MicroStrategy’s Fourth Quarter 2023 Financial Results report detailed the extensive acquisition and demonstrated the company’s consistent emphasis on Bitcoin as a key asset within its portfolio. By the end of 2023, MicroStrategy’s investment in Bitcoin reached an aggregate purchase price of $5.93 billion, averaging $31,224 per Bitcoin.

“We acquired 31,755 additional bitcoins since the end of the third quarter, marking the largest quarterly bitcoin holding increase in the last 3 years and the 13th consecutive quarter of adding more bitcoin on our balance sheet,” said Chief Financial Officer Andrew Kang.

Kang suggested that MicroStrategy capitalized on the rise in Bitcoin prices during Q4, utilizing its capital market activities and available cash reserves to increase its Bitcoin investments.

MicroStrategy Continues to Invest in Bitcoin in 2024

According to the company’s founder and Chairman Michael Saylor, an additional 850 Bitcoin was acquired at a cost of $37.2 million in January 2024.

In January, @MicroStrategy acquired an additional 850 BTC for $37.2 million and now holds 190,000 BTC. Please join us at 5pm ET as we discuss our Q4 2023 financial results and answer questions about our #bitcoin strategy and business outlook. $MSTR

— Michael Saylor (@saylor) February 6, 2024

In the fourth quarter of 2023, MicroStrategy reported total revenues of $124.5 million, marking a 6.1% decline from the same period in 2022, with a further adjustment to a 7.8% decrease when evaluated on a non-GAAP constant currency basis.

The company also managed a gross profit of $96.3 million in Q4, achieving a 77.3% gross margin. This figure, however, fell short of the $105.8 million gross profit and 79.8% gross margin recorded in the final quarter of 2022.

Vanguard’s Indirect Stake in Bitcoin

The asset management firm Vanguard established a considerable stake in MicroStrategy, indirectly associating itself with the crypto market. Holding 8.24% of the company’s shares as of the third quarter of 2023, Vanguard emerged as the second-largest institutional investor in MicroStrategy.

While Vanguard has refrained from offering direct Bitcoin exchange-traded funds (ETFs), preferring to focus on conventional assets, its indirect exposure via MicroStrategy indicates a cautious but notable pivot towards digital assets within traditional financial portfolios.

The post MicroStrategy Bolsters Crypto Holdings with 31,755 Bitcoin Purchase in Q4 2023 appeared first on Cryptonews.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



With Bitcoin’s (BTC) price quickly re-approaching its all-time high, almost all holders of the digital currency are back in the black. Blockchain market intelligence...


Circle, USDC’s issuer, has struck a partnership deal with Coincheck, one of Japan’s biggest crypto exchanges – with a view to securing the stablecoin’s...


In wake of the Pepe Coin (PEPE)’s 40% price pump on Tuesday, profit-taking Pepe holders are shifting funds to a new crypto token for...


President Biden said Israel has agreed to a cease-fire in the Gaza Strip during the Islamic holy month of Ramadan, but Hamas is not...


Sen. Josh Hawley, R-Mo., is urging global consulting firm McKinsey & Company to hand over ‘comprehensive documentation’ showcasing its past or present contracts with the...


House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, is threatening to hold Secretary of State Antony Blinken in contempt of Congress, accusing him of...

You May Also Like

Financial Advisors


Financial Advisors


Financial Advisors

The humongous outbreak of the dreaded coronavirus has brought about a groundbreaking change in what the world perceived as ‘normal’. With an estimated 280,391,189...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Respect Investment. All Rights Reserved.