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

Por ZyCrypto - 1 ano atrás - Tempo de leitura: 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.

Em um anúncio de terça-feira, a empresa também revelou que Michael Saylor, que atuou como CEO e presidente do conselho desde a fundação da MicroStrategy em 1989 e a abertura de capital em 1998, estava deixando o cargo para assumir uma nova função como presidente executivo. Phong Le, que atua como presidente desde 2020, entre outros cargos executivos, substituirá Saylor como presidente e diretor executivo.

"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.” disse 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 posição.

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 garantias mais do que suficientes para qualquer volatilidade de preços”, disse Kang.

Desde que a empresa começou a comprar a criptomoeda em 2020, ela continuou a Compre mais 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 explorações, despejou cerca de 75% de suas participações para manter as operações da empresa à tona. Michael Saylor, no entanto, sustentou que eles não têm intenção de vender suas moedas e continuarão comprando mais conforme os fluxos de caixa permitirem. 

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

Fonte original: ZyCrypto