MicroStrategy Takes A $917 Million Impairment Loss On Its Bitcoin Stash As Crypto Prices Tumble

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MicroStrategy Takes A $917 Million Impairment Loss On Its Bitcoin Stash As Crypto Prices Tumble

MicroStrategy, the largest bitcoin holding-publicly-traded company in the world, took a non-cash digital asset impairment charge in the third quarter, up from $424 million in the second quarter, the latest filings have shown.

U najavi od utorka, kompanija je također otkrila da Michael Saylor, koji je služio kao glavni izvršni direktor i predsjedavajući odbora od osnivanja MicroStrategy 1989. godine i objavljivanja toga u javnosti 1998. godine, povlači se kako bi preuzeo novu ulogu izvršnog predsjednika. Phong Le, koji je bio predsjednik od 2020., između ostalih izvršnih pozicija, zamijenio bi Saylora na mjestu predsjednika i glavnog izvršnog direktora.

"I believe that splitting the roles of Chairman and CEO will enable us to better pursue our two corporate strategies of acquiring and holding bitcoin and growing our enterprise analytics software business.” Said Saylor. “As Executive Chairman I will be able to focus more on our bitcoin acquisition strategy and related bitcoin advocacy initiatives, while Phong will be empowered as CEO to manage overall corporate operations.”

The latest filing and subsequent shake-up in the company’s top leadership come on the heels of the company falling in the red on its Bitcoin stash following a brutal crypto winter. Nevertheless, Michael Saylor has maintained that the company is ready to face the challenging market conditions and defend its Bitcoin pozicija.

MicroStrategy’s CFO Andrew Kang echoed those sentiments in an earnings conference call, stating that the company has about 85,000 unpledged Bitcoin available should its obligations to Silvergate bank fall due. “imamo više nego dovoljno kolaterala za bilo kakvu volatilnost cijena“, rekao je Kang.

Otkako je kompanija počela da kupuje kriptovalutu 2020. godine, nastavila je buy more Bitcoin, with the total stash value swelling to about $8 billion when BTC tapped $68,000 in November 2021. As of writing, it holds some 129,699 bitcoins with an average cost of $30,664 per bitcoin. However, the market value of those holdings has dropped to roughly $3.03 billion today, with BTC plunging hard in the past ten months.

Last month, Tesla, another prominent company with sizeable Bitcoin imanja, bačeno oko 75% svojih udjela kako bi održala poslovanje kompanije. Michael Saylor je, međutim, ostao pri stavu da nemaju namjeru prodati svoje kovanice i da će nastaviti kupovati više kako tokovi novca budu dozvoljavali. 

Što se tiče pisanja, Bitcoin is at $23,056 after a 1.90% increase in the past 24 hours based on data from CoinMarketCap.

Izvorni izvor: ZyCrypto