The loss appears largely due to MicroStrategy’s (ticker: MSTR) inclusion of impairment losses on its Bitcoin , amounting to $147 million. That more than wiped out the company’s $110.5 million gross profit from its software business. The shares were down 0.8% in after-hours trading to around $370.
Read moreIs MicroStrategy a Bitcoin proxy?
MicroStrategy is a business intelligence company that has become a Bitcoin proxy due to its significant Bitcoin holdings. While MicroStrategy does use cash flow from operations to acquire Bitcoin, it also acquired a substantial portion with debt.
Read moreIs Bitcoin a MicroStrategy?
-based MicroStrategy now holds a total of 125,051 bitcoins , valued at about $4.8 billion at the current bitcoin price of $38,700.1 Şub 2022
Read moreDid MicroStrategy sell Bitcoin?
MicroStrategy (MSTR) Will Never Sell Its Bitcoin (BTC) Says CEO – Bloomberg.
Read moreHow many Bitcoin has MicroStrategy?
As of Dec. 29, MicroStrategy held about 124,391 bitcoins purchased at an average price of $30,159. Bitcoin is currently trading about $47,500, valuing the trove at $5.9 billion. The company has a market cap of $6.1 billion, according to Bloomberg data.
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