2 years ago
MicroStrategy (Nasdaq: MSTR), the business-intelligence bundle institution that made bitcoin acquisition a cardinal goal, hasn't bought immoderate of the cryptocurrency for 2 weeks.
CEO Michael Saylor has been slowing the gait of purchases. At the commencement of December the institution bought much than 1,400 bitcoins successful 9 days, a complaint of astir 160 a day. In January, it bought different 660, astir 21 a day.
Saylor has been insistent that the institution has nary plans to merchantability its bitcoin holdings and is invested for the agelong term.
MicroStrategy incurred $163 cardinal successful integer plus impairment losses during the archetypal 4th of 2022 connected bitcoin held arsenic of the extremity of past year, it said.
UPDATE (Feb. 16, 11:43 UTC): Updates to bespeak deficiency of purchases successful February.
UPDATE (Feb. 16, 12:00 UTC): Adds impairment complaint successful last slug point.
UPDATE (Feb. 16, 12:49 UTC): Changes sourcing to SEC filing successful archetypal slug from institution statement.
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Sheldon Reback is simply a CoinDesk quality exertion based successful London. He owns a tiny magnitude of ether.
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