After adjusting the value of its held Bitcoin, MicroStrategy reported a loss of 53 million dollars in the first quarter
According to data compiled by Bloomberg, from January to last week, Michael Saylor earned about $400 million in revenue from the pre-planned daily sale of approximately 5,000 MicroStrategy shares. The stock sale was conducted after exercising options that were granted in 2014 and are about to expire. The stock has doubled this year, reaching around $1,290, surpassing the record increase of original cryptocurrency during the same period.
At the end of 2014, MicroStrategy's trading price was about $160. On Monday, MicroStrategy stated that despite the surge in cryptocurrency during this period, it lost $53 million in the first quarter after adjusting for depreciation on its held Bitcoin value. As of April 26th ,MicroStrategy said it holds 214,400 Bitcoins.
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