MicroStrategy, the software company founded by Michael Saylor, in its fourth quarter financial reports, Bitcoin (BTC) assets It reported $197 million in impairment.
Microstrategy is in its fourth quarter, released on Feb. in financial reportsthe loss caused by Bitcoin’s depreciation in the last quarter 197 million He said it was dollars. In the report, it is stated that the company’s depreciation caused by Bitcoins received in 2022 approximately $1.28 billion noticed that.
CFO of the company Andrew Kang In his statements on the subject, he used the following statements:
I am pleased to report that we increased our Bitcoin holdings again to 132,500 last quarter. Our strategy to protect and grow our Bitcoin position in the long term continues.
On the other hand, experts have said that since the end of the fourth quarter, Bitcoin’s approximate gain 50% value drawing attention, in the first quarter of the new year, more than 2022 positive results claimed to be visible.
At the press conference held after the financial statements were announced, the founder of the company Michael Saylor Although Bitcoin went through a very tough period, MicroStrategy’s share performance has been among the main indices and investments since August 2020, when it started investing. Google, Microsoft And Amazon from technology companies such as better performance he said it showed.