MicroStrategy Adds 122 Bitcoins to Treasury Despite Q1 Net Loss of $53.1M

2 weeks ago 10
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Crypto Community Fears Centralization As MicroStrategy’s Bitcoin Holdings Hit 132,500 BTC

MicroStrategy, a top corporate investor in Bitcoin (BTC), made a decisive move in April by adding 122 Bitcoins to its treasury. This action comes despite the company reporting a net loss of $53.1 million in the first quarter of 2024.

This strategic decision underscores MicroStrategy’s commitment to accumulating Bitcoin as a long-term investment, even in the face of short-term financial challenges.

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MicroStrategy Adds 122 Bitcoins to Treasury Despite Q1 Net Loss of $53.1M