Welcome to our dedicated page for MicroStrategy news (Ticker: $MSTR), a resource for investors and traders seeking the latest updates and insights on MicroStrategy stock.
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MicroStrategy, a leader in AI-powered business intelligence, celebrated its 27th MicroStrategy World event in Las Vegas. Attendees engaged in various customer presentations, workshops, and product sessions, with over 60% building AI bots using Auto Express. Awards were given to partners like AWS and Cognizant, and customers like Bank of America and Bayer. The event also featured a keynote on using AI+BI to make data more accessible and a discussion on Bitcoin for Corporations. Plans for MicroStrategy World 2025 in Orlando have already begun.
MicroStrategy introduced enhancements to their MicroStrategy Auto™ bot, featuring AI explainability, automated workflows, mobile app support, and API connectivity. The latest GA release aims to make analytics more accessible and trustworthy for users, promoting faster and reliable decision-making. MicroStrategy also launched a 30-day trial for MicroStrategy Auto Express™, allowing users to create and share AI-powered bots and dashboards.
MicroStrategy, the largest corporate holder of bitcoin, announced its financial results for Q1 2024, holding 214,400 bitcoins at an average purchase price of $35,180 per bitcoin. The company acquired 25,250 bitcoins for $1.65 billion since the end of Q4. Total revenues were $115.2 million, down 5% YoY, with subscription services revenues up by 22%. The company raised $1.5 billion through capital markets strategy and executed successful convertible debt offerings. However, the company reported a net loss of $53.1 million in Q1 2024.
