From Investing.com: 2024-04-29 16:35:02

MicroStrategy (MSTR) saw shares drop 3% in after-hours trading as they reported Q1 2024 earnings and revenue below expectations. Loss per share was $8.26 compared to the expected $0.58, while revenue came in at $115.25 million against the projected $121.72 million. The company purchased 25,250 bitcoins for $1.65 billion since Q4, averaging $65,232 per bitcoin, with a total of 214,400 bitcoins held at an average price of $35,180 each. MicroStrategy remains dedicated to developing the bitcoin network through financial market activities, advocacy, and technology innovation, according to President and CEO Phong Le. Subscription services revenues and billings saw double-digit growth, showcasing successful transition to a cloud-native platform.



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