{"id":41689,"date":"2021-04-30T17:50:53","date_gmt":"2021-04-30T14:50:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41689"},"modified":"2025-08-30T19:51:00","modified_gmt":"2025-08-30T16:51:00","slug":"microstrategy-announces-new-bitcoin-purchases","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-announces-new-bitcoin-purchases\/","title":{"rendered":"MicroStrategy announces new bitcoin purchases"},"content":{"rendered":"<p>Nasdaq-listed analytics software provider MicroStrategy said it would continue to invest in the first cryptocurrency using its cash reserves, according to its <a href=\"https:\/\/www.microstrategy.com\/en\/investor-relations\/press\/microstrategy-announces-first-quarter-2021-financial-results\" target=\"_blank\" rel=\"noreferrer noopener\">press release<\/a> on first-quarter 2021 financial results.<\/p>\n<p>Compared with the corresponding period of 2020, the company&#8217;s total revenue rose 10.3%, to $122 million. The driver was a sharp rise in revenues from licensing products and subscription services \u2014 up 52.3%, to $31.3 million.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cMicroStrategy&#8217;s results indicate the success of the company&#8217;s business development strategy in the corporate analytics software segment and the Bitcoin acquisition. These directions generate significant shareholder value.\u201d<\/em>, said CEO Michael Saylor.<\/p>\n<\/blockquote>\n<p>The head of MicroStrategy expressed satisfaction with the approach to buying the first cryptocurrency and promised to continue following it in the future.<\/p>\n<p>The press release states that the company may either increase or reduce its Bitcoin position.<\/p>\n<p>As of April 28, 2021, MicroStrategy held 91,579 BTC on its balance sheet. According to <a href=\"https:\/\/bitcointreasuries.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin Treasuries<\/a>, the software provider paid for the coins at a discount of about 2.3x to their current market value, at $5.13 billion.<\/p>\n<p>Earlier, BNY Mellon <a href=\"https:\/\/u1f987.com\/en\/news\/bny-mellon-says-its-bet-on-gold-over-bitcoin-was-a-mistake\">\u043e\u0431\u044a\u044f\u0441\u043d\u0438\u043b<\/a> the disappointing performance of one of its managed funds, including the absence of MicroStrategy shares.<\/p>\n<p>On April 26, Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-to-list-tokenized-shares-of-microstrategy-apple-and-microsoft\">\u0437\u0430\u043f\u0443\u0441\u0442\u0438\u043b\u0430<\/a> trading of MicroStrategy-backed tokenised shares.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 all the news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed analytics software provider MicroStrategy will continue investing its cash reserves in Bitcoin, according to the press release on first-quarter 2021 results.<\/p>\n","protected":false},"author":1,"featured_media":41690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1538,1156,1207],"class_list":["post-41689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-purchase","tag-institutional-investors-and-whales","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=41689"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41689\/revisions"}],"predecessor-version":[{"id":41691,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41689\/revisions\/41691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/41690"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=41689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=41689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=41689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}