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<p><span style="font-weight: 400;">MicroStrategy, the largest publicly traded holder of Bitcoin, bought another $37 million worth of BTC in January to bring its total holdings to $8.1 billion.</span></p> 
<p>The company said in its <span style="font-weight: 400;">its fourth quarter earnings call on Feb. 6 that it acquired another 850 BTC in January and now holds a total of 190,000 Bitcoin.</span></p> 
<p><span style="font-weight: 400;">“2024 is the year of the birth of </span><a href="https://insidebitcoins.com/news/bitcoin-on-chain-volume-surged-in-january-reaching-highest-level-since-september-2022"><span style="font-weight: 400;">Bitcoin</span></a><span style="font-weight: 400;"> as an institutional-grade asset class,” said executive chairman Michael Saylor in the call. “It’s the first new asset class of the modern era. The next 15 years will be a regulated, institutional, high growth period for Bitcoin, very different from the last 15 years.”</span></p> 
<h2 id="span-style-font-weight-400-microstrategy-purchased-more-than-50-000-btc-in-2023-span"><span style="font-weight: 400;">MicroStrategy Purchased More Than 50,000 BTC In 2023</span></h2> 
<p><span style="font-weight: 400;">MicroStrategy’s chief financial officer, Andrew Kang, also said </span><span style="font-weight: 400;">the company bought a total of 56,650 BTC in 2023 at an average price of $33,580.</span></p> 
<p><img decoding="async" src="https://www.business2community.com/wp-content/uploads/2022/06/ezgif.com-gif-maker-1.png" alt="MicroStrategy CEO Michael Saylor Calls for Crypto Regulation"></p> 
<h2 id="span-style-font-weight-400-microstrategy-posted-net-income-of-89-1-million-span"><span style="font-weight: 400;">MicroStrategy Posted Net Income Of $89.1 Million</span></h2> 
<p><span style="font-weight: 400;">The company also </span><a href="https://www.businesswire.com/news/home/20240206684972/en/MicroStrategy-Announces-Fourth-Quarter-2023-Financial-Results-Now-Holds-190000-BTC"><span style="font-weight: 400;">posted</span></a><span style="font-weight: 400;"> a net income of $89.1 million last year, compared to a $249.7 million loss recorded in 2022. Saylor attributed the 2023 performance to investors recognizing the broader theme of a “digital transformation” of assets.</span></p> 
<p><span style="font-weight: 400;">Saylor expects the allocation in </span><a href="https://insidebitcoins.com/news/el-salvadors-bitcoin-friendly-president-nayib-bukele-heads-for-re-election"><span style="font-weight: 400;">BTC</span></a><span style="font-weight: 400;"> to continue to pay off following the introduction of spot Bitcoin ETFs (exchange-traded funds) in the U.S. This is a “catalytic moment” in transitioning BTC from a medium of exchange to a store of value, he said.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is Timeless. <a href="https://t.co/Y8ZXXg7hhd">pic.twitter.com/Y8ZXXg7hhd</a></p> 
 <p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1754869210776257020?ref_src=twsrc%5Etfw">February 6, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">“We don’t need to address any of the currency criticisms anymore,” he added. “Simply as a store of value, there’s no reason Bitcoin can’t continue to outperform and 100X from where it is right now.”</span></p> 
<p><span style="font-weight: 400;">MicroStrategy became the first publicly traded company to purchase Bitcoin as a strategic investment in December 2020. Since then, the company’s share price has climbed more than 300%, allowing it to outperform major tech stocks such as Microsoft and Google, which saw gains of slightly less than 100% during the same period.</span></p> 
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MicroStrategy Buys $37 Million More Bitcoin, Bringing Total To $8.1 Billion, As Michael Saylor Says BTC Is Now ”Institutional-Grade Asset”

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