In January, MicroStrategy acquired a total of 850 BTC worth $37.2 million, increasing the amount of crypto assets in its treasury to 190,000 BTC, valued at approximately $8.17 billion.
In the report, the company disclosed that in Q4 2023 it acquired an additional 31,755 BTC at an average price of $39,411.
As of February 5, MicroStrategy had spent approximately $5.93 billion to increase its Bitcoin reserves.
In the words of MicroStrategy CEO Phong Le, 2023 has been exceptional for the company as they have raised strategic capital to significantly increase their Bitcoin reserves.
He has added:
"We achieved double-digit subscription services revenue growth for both the fourth quarter and full year, demonstrating our ongoing commitment to transition our business to the cloud. We believe that the combination of our operating structure, bitcoin strategy, and focus on technology innovation provides a unique opportunity for value creation for our shareholders."