MicroStrategy bought 25,250 bitcoins in Q1: find out more

MicroStrategy Inc (NASDAQ: MSTR) is pushing down in extended trading on Monday after coming in shy of Street estimates for its first financial quarter.

How many Bitcoin does $MSTR hold in total?

Shares are climbing also because the company based out of Virginia, United States spent $1.65 billion to acquire another 25,250 bitcoins in Q1.

It now owns a total of 214,400 BTC. Andrew Kang – the finance chief of MicroStrategy Inc said in a press release today:

The Nasdaq-listed firm noted an annualised increase of 153% in its operating expenses to $289 million in its recently concluded quarter. MicroStrategy stock has nearly tripled since its year-to-date low in late January.

MicroStrategy Q1 earnings snapshot

• Lost $53.1 million that translates to $3.09 per share
• Had $461.2 million ($37.19 a share) in net income last year
• Revenue declined 5.0% year-over-year to $115.2 million
• Consensus was 13 cents a share loss on $121 million revenue

MicroStrategy saw subscription services revenue pop 22% versus the same quarter last year to $23 million, as per its earnings report. According to its CEO Phong Le: