MicroStrategy buys 467 BTC for $14.4 million

The analytics software provider MicroStrategy has added another 467 BTC, according to founder Michael Saylor.

In July, @MicroStrategy acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC. Please join us at 5pm ET as we discuss our Q2 2023 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. $MSTR https://t.co/SCHeBJ80TH

— Michael Saylor⚡️ (@saylor) August 1, 2023

Last month the company purchased bitcoin for $14.4 million. As of July 31, MicroStrategy holds 152,800 BTC worth about $4.53 billion at $29,672 per BTC.

According to the Q2 2023 report, the company’s total revenue was $120.4 million (+1% year on year). Revenue from software licenses was $35.4 million (+4%), with subscriptions for services at $19.9 million (+42%).

In June, MicroStrategy disclosed investments in the first cryptocurrency for the second quarter — the firm acquired 12,333 BTC for $347 million. Prior to that, the company invested $150 million in Bitcoin in March.

As of writing, Bitcoin was trading around $29,600, according to CoinGecko.

In July, MicroStrategy’s chief revenue officer Kevin Adkisson resigned from the company after nearly seven years. He will stay with the firm as a consultant for an indefinite period.