MicroStrategy, recognized for its repeat investments in Bitcoin, bought extra of the digital asset final quarter, in keeping with a Feb. 2 investor report.
Andrew Kang, CFO of Microstrategy, mentioned that the corporate elevated its whole Bitcoin holdings to roughly 132,500 BTC in the course of 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 bought 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” — that means that the corporate will proceed to amass and maintain Bitcoin in the long run.
Microstrategy’s inventory (MSTR) is up 9.04% at this time and is valued at $292.13.