Summary by Futu AI
On February 6, 2024, MicroStrategy Incorporated reported its financial results for the fourth quarter ended December 31, 2023. The company, known for holding a significant amount of bitcoin, disclosed that it had acquired an additional 31,755 bitcoins since the end of the third quarter, bringing its total holdings to 190,000 bitcoins. The cost of these additional bitcoins was approximately $1.25 billion, averaging $39,411 per bitcoin. MicroStrategy's total bitcoin holdings were acquired at an average price of $31,224 per bitcoin, amounting to a total cost of $5.93 billion as of February 5, 2024. The company's total revenues for the quarter were $124.5 million, marking a 6% decrease year-over-year. However, subscription services revenues increased by 23% year-over-year to $21.5 million. The company experienced a gross profit of $96.3 million with a 77.3% gross margin...Show More