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.

Dalam pengumuman Selasa, syarikat itu juga mendedahkan bahawa Michael Saylor, yang telah berkhidmat sebagai Ketua Pegawai Eksekutif dan Pengerusi Lembaga Pengarah sejak mengasaskan MicroStrategy pada tahun 1989 dan mendedahkannya kepada umum pada tahun 1998, telah meletak jawatan untuk mengambil alih peranan baharu sebagai Pengerusi Eksekutif. Phong Le, yang telah berkhidmat sebagai presiden sejak 2020, antara jawatan eksekutif lain, akan menggantikan Saylor sebagai Presiden & Ketua Pegawai Eksekutif.

"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.” Kata 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 kedudukan.

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. “kami mempunyai lebih daripada cagaran yang mencukupi untuk sebarang turun naik harga,” kata Kang.

Sejak syarikat itu mula membeli mata wang kripto pada 2020, ia terus beli lebih banyak 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 pegangan, dibuang kira-kira 75% daripada pegangannya untuk mengekalkan operasi syarikat. Michael Saylor, bagaimanapun, mengekalkan mereka tidak berniat untuk menjual syiling mereka dan akan terus membeli lebih banyak apabila aliran tunai membenarkan. 

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

Sumber asal: ZyCrypto