MicroStrategy Expands Bitcoin Portfolio with a $37 Million Investment
Key Takeaways MicroStrategy added 850 Bitcoins to its holdings, reaching 190,000 BTC valued at $8.1 billion. The company reports a significant recovery with a net income of $89.1 million in Q4, following a strategic accumulation of Bitcoin throughout 2023. Executive chairman Michael Saylor anticipates a bright future for Bitcoin as an institutional-grade asset class.
Key Takeaways
- MicroStrategy added 850 Bitcoins to its holdings, reaching 190,000 BTC valued at $8.1 billion.
- The company reports a significant recovery with a net income of $89.1 million in Q4, following a strategic accumulation of Bitcoin throughout 2023.
- Executive chairman Michael Saylor anticipates a bright future for Bitcoin as an institutional-grade asset class.
