MicroStrategy increases Bitcoin holdings to $15.2 billion

MicroStrategy continues its aggressive investment in Bitcoin (CRYPTO:BTC), acquiring 122 more BTC in April, bringing its total holdings to over $15.2 billion.

Despite a 5.5% revenue drop, the firm remains committed to expanding its Bitcoin portfolio, now comprising 214,400 BTC, about 1% of the total supply.

This move underscores MicroStrategy's strategic emphasis on Bitcoin as a core investment, with consistent additions to its balance sheet over 14 consecutive quarters.

Despite challenges like a net loss of $53.1 million and increased operating expenses due to Bitcoin investments, MicroStrategy's subscription services revenue has shown growth, reflecting market confidence in its cloud-native software solutions.

Executive chairman Michael Saylor highlights MicroStrategy's stock (MSTR) growth of 937% since its Bitcoin-focused approach began in 2020, outperforming both Bitcoin and the S&P 500.