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.

I bhfógra Dé Máirt, thug an chuideachta le fios freisin go raibh Michael Saylor, a bhí ina Phríomhoifigeach Feidhmiúcháin agus ina Chathaoirleach ar an mBord ó bhunaigh MicroStrategy i 1989 agus é a fhoilsiú go poiblí i 1998, ag éirí as a phost chun ról nua a ghlacadh mar Chathaoirleach Feidhmiúcháin. Rachaidh Phong Le, atá ina uachtarán ó 2020, i measc post feidhmiúcháin eile, in ionad Saylor mar Uachtarán & Príomhoifigeach Feidhmiúcháin.

"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.” arsa Saylor. “As Executive Chairman I will be able to focus more on our bitcoin straitéis fála agus a bhaineann 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 seasamh.

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. “tá níos mó ná comhthaobhacht leordhóthanach againn le haghaidh aon luaineacht praghais,” a dúirt Kang.

Ó thosaigh an chuideachta ag ceannach an cryptocurrency in 2020, lean sé ar aghaidh cheannach níos mó 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 gabháltais, thart ar 75% dumpáilte dá sealúchais chun oibríochtaí na cuideachta a choinneáil ar snámh. Dúirt Michael Saylor, áfach, nach bhfuil sé ar intinn acu a gcuid boinn a dhíol agus go leanfaidh siad ag ceannach níos mó de réir mar a cheadóidh an sreabhadh airgid. 

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

Foinse bunaidh: ZyCrypto