Press release
MicroStrategy Announces Second Quarter 2023 Financial Results
Acquired 12,800 bitcoins since Q1 for $361.4 million, or $28,233 per bitcoin As of July 31, 2023, held 152,800 bitcoins acquired for total cost of $4.53
About this update from Strategy Inc
[{"type":"text","content":"\n\nAcquired 12,800 bitcoins since Q1 for $361.4 million, or $28,233 per bitcoin\n\n\n\nAs of July 31, 2023, held 152,800 bitcoins acquired for total cost of $4.53 billion, or $29,672 per bitcoin\n\n\n\nTotal Revenues of $120.4 million, 1% decrease year-over-year, flat at constant currency\n\n\n\nSoftware Licenses Revenues of $35.4 million, 4% increase year-over-year, 7% on a constant currency basis\n\n\n\nSubscription Services Revenues of $19.9 million, 42% increase year-over-year, 44% on a constant currency basis\n\n\n\n TYSONS CORNER, Va.--(BUSINESS WIRE)--\nMicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy” or the “Company”), the largest independent publicly-traded business intelligence company, today announced financial results for the three-month period ended June 30, 2023 (the second quarter of its 2023 fiscal year).\n\n\n“Our new MicroStrategy ONE platform is the most important product innovation in the history of our company because it represents a fundamental shift in our industry to harness the power of business intelligence and artificial intelligence together to upgrade the way organizations do business. The growth in our recurring revenue this quarter illustrated the strength of our enterprise cloud platform, despite ongoing macroeconomic headwinds,” said Phong Le, President and Chief Executive Officer, MicroStrategy.\n\n\n“Our bitcoin holdings increased to 152,800 bitcoins as of July 31, 2023, with the addition in the second quarter of 12,333 bitcoins being the largest increase in a single quarter since Q2 2021. We efficiently raised capital through our at-the-market equity program and used cash from operations to continue to increase bitcoins on our balance sheet. And we did so against the promising backdrop of increasing institutional interest, progress on accounting transparency, and ongoing regulatory clarity for bitcoin,” said Andrew Kang, Chief Financial Officer, MicroStrategy.\n\n\nSecond Quarter 2023 Financial Highlights\n\n\n\nRevenues: Total revenues for the second quarter of 2023 were $120.4 million, a 1.4% decrease, or a 0.5% decrease on a non-GAAP constant currency basis, compared to the second quarter of 2022. Product licenses and subscription services revenues for the second quarter of 2023 were $35.4 million, a 3.7% increase, or a 6.6% increase on a non-GAAP constant currency basis, compar...