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.

Astearteko iragarpen batean, konpainiak ere agerian utzi zuen Michael Saylor, 1989an MicroStrategy sortu eta 1998an publiko egin zuenetik kontseiluko zuzendari nagusi eta presidente gisa aritu zena, kargua utzi zuela presidente exekutibo gisa kargu berri bat hartzeko. Phong Le, 2020az geroztik presidente gisa aritu dena, beste kargu exekutibo batzuen artean, Saylor ordezkatuko luke presidente eta zuzendari nagusi gisa.

"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.” esan zuen Saylor-ek. “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 posizioa.

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. “prezioen hegazkortasunerako berme nahikoa baino gehiago dugu", esan zuen Kangek.

Konpainiak 2020an kriptografia-moneta erosten hasi zenetik, jarraitu egin du 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 ustiategiak, %75 inguru bota bere partaidetzak konpainiaren eragiketak aurrera jarraitzeko. Michael Saylor-ek, ordea, esan du ez dutela txanponak saltzeko asmorik eta gehiago erosten jarraituko dutela diru-fluxuek ahalbidetzen duten heinean. 

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

Jatorrizko iturria: ZyCrypto