In April 2024, MicroStrategy invested an additional $7.8 million to purchase 122 Bitcoin, increasing their total holdings to 214,400 BTC, valued at approximately $13.5 billion. This acquisition comes amidst a reported Q1 earnings miss, with the company reporting an adjusted EPS of -$8.26 and sales of $115.2 million, which fell short of the estimated $121.725 million. The average cost per Bitcoin for MicroStrategy stands at $35,180. Shares of MicroStrategy (NASDAQ: MSTR) experienced a 3% drop in after-hours trading following the earnings announcement.