MicroStrategy Acquires 480 Bitcoins For $10M Cash

  • MicroStrategy Inc MSTR acquired 480 bitcoins for $10.0 million in cash between May 3 and June 28.
  • As of June 28, MicroStrategy and its subsidiaries held 129,699 bitcoins acquired for $3.98 billion.
  • MicroStrategy held $92.7 million in cash and equivalents as of March 31.
  • Related: EXCLUSIVE: MicroStrategy CEO Michael Saylor Joins Benzinga Live Monday To Talk The Future Of Bitcoin
  • MicroStrategy's first-quarter revenue decreased 2.9% year-over-year to $119.3 million, missing the consensus of $127.22 million. 
  • The company reported an adjusted net loss of $(117.62) million and an adjusted net loss per share of $(10.42), which was worse than the net loss of $(12.94) per share in the prior year's quarter. 
  • GAAP net loss was $(130.8) million or $(11.58) per share
  • Price Action: MSTR shares traded lower by 1.25% at $183.79 in the premarket on the last check Wednesday.

Posted In: BitcoinBriefsCryptocurrencyNewsMarketsTech

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.