US-listed company MicroStrategy announced its fourth-quarter financial report on the 7th, revealing that it has increased its holding of Bitcoin by 31,755 since the fourth quarter of last year. This includes an additional 850 Bitcoin in January this year, bringing its total Bitcoin holdings to 190,000, with a floating profit of $2.26 billion.
(Prior summary:
MicroStrategy CEO sells $20 million worth of shares for cash! Michael Saylor sells personal holdings to buy more Bitcoin.
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(Background supplement:
Michael Saylor sells $216 million worth of MicroStrategy stocks: plans to continuously buy Bitcoin in the next three months.
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US-listed company MicroStrategy announced its fourth-quarter financial report yesterday (7), stating that the company used the proceeds from capital market activities to spend $1.2 billion to purchase 30,555 Bitcoin in the last quarter, and used excess cash to purchase an additional 350 Bitcoin ($13.4 million).
Starting in 2024, MicroStrategy once again spent $37.2 million to purchase 850 Bitcoin. Since the fourth quarter of last year, the company has increased its holdings by a total of 31,755 Bitcoin, setting a record for the largest quarterly increase in the past three years and marking the 13th consecutive quarter of Bitcoin increase on its balance sheet.
How much Bitcoin does MicroStrategy currently hold?
As of February 5, 2024, MicroStrategy holds exactly 190,000 Bitcoin, with an average purchase price of $31,224, a total purchase cost of $5.93 billion, and the current value of the held Bitcoin has reached $8.19 billion, equivalent to a floating profit of $2.26 billion.
Overall, MicroStrategy’s net profit last year was $89.1 million, with a loss of $249.7 million, and its revenue decreased by 6.1% to $124.5 million. Michael Saylor, Executive Chairman of MicroStrategy, stated in a press conference that the company’s performance last year can be attributed to investors recognizing the “digital transformation” of assets:
Expecting Bitcoin to increase by 100 times
Michael Saylor stated that the listing of Bitcoin spot ETF is a catalytic moment that allows Bitcoin to transition from a medium of exchange to a store of value. People will no longer need to face criticisms in the past about Bitcoin not fulfilling its role as a currency. As a store of value, there is no reason why Bitcoin should not continue to outperform the market and increase by another 100 times.
Looking ahead, Michael Saylor pointed out that MicroStrategy will continue to develop software and collaborate with Bitcoin developers to develop Bitcoin-based L2, as well as cooperate with other ecosystem participants to increase company revenue in the next few years, and MicroStrategy will continue to purchase more Bitcoin.
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Michael Saylor: Buying Bitcoin is an innovation for the balance sheet and creates value for MicroStrategy shareholders.