The US listed company MicroStrategy announced its 2024 first quarter financial report today, and founder and chairman Michael Saylor posted on the community that MicroStrategy spent another $7.8 million in April to purchase an additional 122 Bitcoins. The company currently holds 214,400 Bitcoins at an average purchase price of $35,180 per Bitcoin.
However, MicroStrategy's financial performance in the first quarter does not appear to be ideal. According to the report, analysts originally expected first-quarter revenue to reach $1.237, but it ended up being only $115.2 million, compared with $2.0 billion in the same period last year. The bad news sent MicroStrategy shares down nearly 2.5% after hours.
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