In addition to more than doubling its bitcoin holdings last year, MicroStrategy Inc., now known as Strategy, said on Tuesday that it was also reducing its workforce.
Strategy made it plain that the enterprise software company purchases a significant amount of bitcoin in another illuminating revelation by pointing out instances in which it did not purchase any of the cryptocurrency. The business did not increase its bitcoin holdings for just the third time this year.
On Tuesday, the stock (MSTR) fell 1.1%, reversing an intraday gain of up to 0.8%. In the meantime, the S&P 500 index SPX gained 0.2% to reach a new record high, while the price of bitcoin (BTCUSD) increased 1.4%.
About two weeks after releasing its fourth-quarter results, Strategy submitted its audited 2024 annual report on Tuesday.
According to the report, as of December 31, the company employed 1,534 people, 400 fewer than it did the previous year, or 20.7% fewer. The largest reductions occurred in research and development (144 jobs), consultancy (124 jobs), and sales and marketing (95 positions).
MicroStrategy employed 2,152 people in 2022.
The company’s bitcoin holdings increased from 189,150 at the end of 2023 to 447,470 in 2024, more than doubling. At an average price of roughly $85,447 per bitcoin, it paid $22.1 billion to purchase bitcoin in 2024.
At the end of 2022, it had 132,500 bitcoins, while at the end of 2021, it had 124,391 bitcoins.
MicroStrategy has purchased 31,270 bitcoins at a weighted average price of $101,232 per so far in 2025, spending almost $3.2 billion.
In addition, the business appeared to make a special effort to reveal on Tuesday that it did not purchase any bitcoin between February 10 and February 17.
The most recent time it didn’t purchase any bitcoin was from January 27 to February 2, followed by the partial week of January 1 to January 5. In the past, the business bought bitcoin every day between October 31 and December 31.
The corporation claimed to have 478,740 bitcoins as of February 17; they were acquired for a total of $31.1 billion, with an average price of $65,033 per bitcoin. That holding would be worth roughly $45.1 billion at today’s values.
Over the last three months, Strategy’s stock has fallen 13.3%, while bitcoin has increased 4% and the S&P 500 has increased 3.7%.
