MicroStrategy, identified for its repeat investments in Bitcoin, bought extra of the digital asset final quarter, in accordance with a Feb. 2 investor report.
Andrew Kang, CFO of Microstrategy, stated that the corporate elevated its whole Bitcoin holdings to roughly 132,500 BTC through the fourth quarter of 2022. That quantity had a market worth of $2.194 billion on the finish of the quarter on Dec. 31, 2022.
Although Microstrategy’s Bitcoin holdings rose total, the agency has seen cumulative impairment losses of $2.153 billion since its earlier investments. As such, its 132,500 BTC had a carrying worth (the price of the asset minus depreciation) of $1.84 billion on Dec. 31.
The enterprise intelligence firm moreover offered 704 BTC for $11.8 million of money proceeds, leading to good points on sale of $0.9 million within the fourth quarter.
Kang added that Microstrategy’s Bitcoin technique “stays unchanged” — which means that the corporate will proceed to amass and maintain Bitcoin in the long run.
Microstrategy’s inventory (MSTR) is up 9.04% right now and is valued at $292.13.
