---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-049829"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:21:16.431849+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-049829
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000095017024049829/0000950170-24-049829-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000095017024049829/mstr-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-049829
- JSON: https://secwatch.observer/filing/0000950170-24-049829.json
- Plain text: https://secwatch.observer/filing/0000950170-24-049829.txt

## Key facts
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050446/000095017024049829/0000950170-24-049829-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.