•
Mar 31, 2024
MicroStrategy Q1 2024 Earnings Report
Announced first quarter 2024 financial results and current bitcoin holdings.
Key Takeaways
MicroStrategy reported a decrease in total revenues by 5% year-over-year, but subscription services revenues increased by 22% year-over-year. The company holds 214,400 bitcoins with an average purchase price of $35,180 per bitcoin.
Total revenues were $115.2 million, a 5% decrease year-over-year.
Subscription services revenues reached $23.0 million, up 22% year-over-year.
The company acquired 25,250 bitcoins since the end of Q4 for $1.65 billion.
MicroStrategy holds 214,400 bitcoins at a total cost of $7.54 billion as of April 26, 2024.
MicroStrategy
MicroStrategy
MicroStrategy Revenue by Segment
Forward Guidance
MicroStrategy did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income