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Stocks Fall As MicroStrategy Misses Q1 Earnings Expectations

(CTN News) - MicroStrategy shares dropped 3% in after-hours trading on Monday after the company missed Wall Street's revenue.......

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Bitcoin Focused MicroStrategy Announces Q1 2024 Results, Company Holds 214,400 BTC

Bitcoin Focused MicroStrategy Announces Q1 2024 Results, Company Holds 214,400 BTC
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MicroStrategy Announces First Quarter 2024 Financial Results; Now Holds 214,400 BTC

TYSONS CORNER, Va. (BUSINESS WIRE) Apr 29, 2024

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MicroStrategy Reports Q1 Results, Company Holds 214,400 Bitcoins - MicroStrategy (NASDAQ:MSTR)

MicroStrategy reported quarterly non-GAAP losses of $8.26 per share. Quarterly sales came in at $115.2 million which missed the analyst consensus estimate of $121.725 million by 5.36% and represents a 5.51% decrease year-over-year. The company now holds 214,400 bitcoins.

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Governments hold a surprising amount of Bitcoin

Known Bitcoin reserves held by governments account for 2.7% of the total 21 million supply of bitcoins, with the largest being the US at the time of writing.

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