From Nasdaq Media: 2024-04-29 21:30:16

MicroStrategy held its Q1 2024 earnings call, reporting a total of 214,400 bitcoin valued at $14 billion. The company acquired an additional 25,250 bitcoin at an average price of $65,232 in the first quarter. They experienced a significant growth in subscription services revenue of $23 million, up 22% year over year, driven by cloud offerings and new customer needs. MicroStrategy also introduced AI-powered functionalities to enhance customer experience, such as Auto SQL, Auto Dashboard, Auto Answers, Auto Expert, and Custom Auto Bot. They are focused on growing in AI and cloud-powered BI software, with a commitment to transitioning to a cloud-first approach for increased profitability and more engaged customers.

Read more at Nasdaq MarketSite.: MicroStrategy (MSTR) Q1 2024 Earnings Call Transcript