MicroStrategy Buys $1.65B Bitcoin in Q1
MicroStrategy acquired 25,250 BTC for $1.65 billion in Q1, 2024, raising its total holdings to 214,400 BTC. Despite a 5.5% revenue drop and a $53.1 million net loss, partly due to Bitcoin impairment, the firm remains optimistic, bolstered by software service gains and the potential of Bitcoin ETFs.