Key Takeaways
- Microstrategy now holds over 214,400 BTC.
- The firm raised $1.5 billion in Q1 2024 for further Bitcoin purchases.
- Saylor predicts a continued investment shift to Bitcoin from other assets.
Microstrategy has recently added 164 bitcoins, bringing their total holdings to 214,400 BTC.
This addition marks the 14th consecutive quarter of BTC acquisitions for the company.
Major financial moves in Q1 2024
During the Q1 2024 earnings presentation, CFO Andrew Kang highlighted raising over $1.5 billion through convertible debt offerings.
This capital increase supported their ongoing investment in Bitcoin.
Saylor’s view on BTC’s future
Michael Saylor, Executive Chairman, believes that Bitcoin will continue to attract investment from traditional asset classes like gold and real estate.
He credits this trend to Bitcoin’s technical advantages and recent regulatory developments favoring spot Bitcoin ETFs.
