Bitcoin-bullish software company MicroStrategy increased its Bitcoin position again in January, bringing its total holdings to an even 190,000 BTC.
Michael Saylor, the executive chairman of the company, said on Tuesday that the company acquired another 850 BTC in January for $37.2 million.“We acquired 31,755 additional bitcoins since the end of the third quarter, marking the largest quarterly bitcoin holdings increase in the last 3 years and the 13th consecutive quarter of adding more bitcoin on our balance sheet,” wrote the company.
The company’s Q4 revenue sank 6.1% compared to the fourth quarter of 2022, while gross profit declined from $105.8 million to $96.3 million. At 190,000 BTC, MicroStrategy still owns more Bitcoin than all nine newly launched Bitcoin ETFs combined at roughly 181,000 BTC. It also owns nearly 1% of all BTC in circulation.
MSTR still trades down 16% since last month, before the Bitcoin ETFs went live. Saylor said last month that he is nowHow to Bridge Crypto to Solana? Step by Step Guide to the Top Solana BridgesOne Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions.
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