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International Business Times
International Business Times
Business
Marvie Basilan

MicroStrategy Bitcoin Holdings Top $8 Billion After 850 BTC Buy In January

MicroStrategy Bitcoin Michael Saylor Andrew Kang Phong Le
MicroStrategy describes itself as the largest publicly-traded holder of Bitcoin. (Credit: Youtube Screenshot/ MicroStrategy Official YouTube Channel)

KEY POINTS

  • CFO Kang said MicroStrategy benefited from the spike in BTC prices during the 4th quarter
  • MicroStrategy CEO Phong Le noted that 2023 was an "extraordinary year" for the company
  • The business intelligence firm acquired a total of 56,650 BTC in 2023

Business software firm MicroStrategy has revealed that it acquired 850 Bitcoin in January – worth $37 million – bringing its total holdings of BTC to 190,000, worth $8.1 billion, based on the holdings' current market value.

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