MicroStrategy Q1 revenue down 5% to $115.2M, net loss $53.1M; now holds 214,400 BTC

Strategy Inc

2024-Q1 EPS reported -$3.09 revenue$115,246,000

Total revenues $115.2M, down 5.5% YoY; subscription services revenues $23.0M, up 22% YoY.
Net loss $53.1M ($3.09 diluted loss per share) vs net income $461.2M ($31.79 EPS) in Q1 2023; impairment losses $191.6M on bitcoin.
Acquired 25,250 BTC since Q4 for $1.65B ($65,232 per BTC); total holdings 214,400 BTC at average cost $35,180.
Issued $800M 0.625% convertible notes due 2030 and $604M 0.875% convertible notes due 2031 in March 2024.
Cash and cash equivalents $81.3M; bitcoin market value $15.22B as of March 31, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Strategy Inc reported three-month period ended March 31, 2024 results: revenue $115.2 million.

Period: three-month period ended March 31, 2024
Revenue: $115.2 million
Result: reported results

Exact text from the filing

end of Q4 for $1.65 billion, or $65,232 per bitcoin • 214,400 bitcoin holdings at a total cost of $7.54 billion, or $35,180 per bitcoin, as of April 26, 2024 • Total Revenues of $115.2 million, down 5% year-over-year • Subscription Services Revenues of $23.0 million, up 22% year-over-year TYSONS CORNER, Va., April 29, 2024 - MicroStrategy ® Incorporated (Nasdaq: MSTR)

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Source: SEC EDGAR

accession 0000950170-24-049829

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