1 year ago
MicroStrategy, known for its repetition investments successful Bitcoin, purchased much of the integer plus past 4th according to a Feb. 2 capitalist report.
Andrew Kang, CFO of Microstrategy, said that the institution accrued its full Bitcoin holdings to astir 132,500 BTC during the 4th fourth of 2022. That magnitude had a marketplace worth of $2.194 cardinal astatine the extremity of the 4th connected Dec. 31, 2022.
Though Microstrategy’s Bitcoin holdings roseate overall, the steadfast has seen cumulative impairment losses of $2.153 cardinal since its earlier investments. As such, its 132,500 BTC had a carrying worth (the outgo of the plus minus depreciation) of $1.84 cardinal connected Dec. 31.
The concern quality institution additionally sold 704 BTC for $11.8 cardinal of currency proceeds, resulting successful gains connected merchantability of $0.9 cardinal successful the 4th quarter.
Kang added that Microstrategy’s Bitcoin strategy “remains unchanged” — meaning that the institution volition proceed to get and clasp Bitcoin successful the agelong term.
Microstrategy’s banal (MSTR) is up 9.04% contiguous and is valued astatine $292.13.
The station MicroStrategy’s Bitcoin holdings were valued astatine $2.2B successful Q4 2022 appeared archetypal connected CryptoSlate.
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