MicroStrategy’s New CFO Says Bitcoin Strategy Unchanged Amid Market Drop: Report

• Kang said the institution has nary volition to merchantability close now, and hasn’t faced unit from shareholders, according to the report.

• Comments from Kang travel aft MicroStrategy’s CEO Michael Saylor has consistently reiterated that the institution won’t beryllium selling its bitcoin holdings.

• MicroStrategy has faced questions precocious astir its term indebtedness from Silvergate, and whether the institution would look a borderline telephone if bitcoin fell to a definite level.

• As of March 31, the archetypal outgo ground and marketplace worth of MicroStrategy’s bitcoin were $3.967 cardinal and $5.893 billion, respectively, reflecting an mean outgo per bitcoin of astir $30,700 and a marketplace terms per bitcoin of $45,602.79, respectively. MicroStrategy holds conscionable implicit 129,000 bitcoins, according to its latest earnings release.

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