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

Por ZyCrypto - hai 1 ano - Tempo de lectura: 2 minutos

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.

Nun anuncio deste martes, a compañía tamén revelou que Michael Saylor, que exerceu como conselleiro delegado e presidente do Consello desde a fundación de MicroStrategy en 1989 e que o fixo público en 1998, renunciaba para asumir un novo cargo como presidente executivo. Phong Le, que exerceu como presidente desde 2020, entre outros cargos executivos, substituiría a Saylor como presidente e conselleiro delegado.

"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.” Dixo Saylor. “As Executive Chairman I will be able to focus more on our bitcoin estratexia de adquisición e relacionados 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 posición.

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. “temos garantías máis que suficientes para calquera volatilidade dos prezos", dixo Kang.

Desde que a compañía comezou a comprar a moeda criptográfica en 2020, continuou a facelo 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 explotacións, botado preto do 75% das súas participacións para manter as operacións da empresa a flote. Michael Saylor, con todo, mantivo que non teñen intención de vender as súas moedas e seguirá comprando máis a medida que o permita os fluxos de caixa. 

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

Orixe orixinal: ZyCrypto