MicroStrategy reported earnings for the first quarter of 2024.
The company holds 214,400 BTC worth $7.54 billion with an average price of $35,180.
In April, MicroStrategy purchased an additional 122 BTC for $7.8 million.
Compared to last year, the company's revenue decreased by 5% and amounted to $115.2 million.
Net operating loss was $53.1 million.
MicroStrategy has not yet adopted the new standard for accounting for the fair value of digital assets.
Under the old system, at the end of the quarter the company valued its Bitcoin assets at $5.1 billion at a price of $23,680 per share. However, the March closing price was $71,028.#ScamRiskWarning #BTC
