Software analytics company MicroStrategy recorded a paper loss of over a billion dollars on its Bitcoin (БТК) holdings in 2022 but says it has no plans to stop trading the digital asset.
MicroStrategy released its 2022 Q4 and year-end приходи on Feb. 2 showing the recorded impairment charges on its BTC holdings, net of gains on sale, was nearly $1.3 billion over the full year 2022.
Despite the paper losses, on a Feb. 2 earnings повик MicroStrategy’s chief financial officer, Andrew Kang, said:
„Можеме да размислиме да продолжиме со дополнителни трансакции кои можат да ја искористат нестабилноста на цените на Биткоин или други дислокации на пазарот што се во согласност со нашата долгорочна стратегија за Биткоин“.
On the call, Коосновачот на MicroStrategy, Мајкл Сејлор said the company measures its stock performance against “a number of different benchmarks,” saying “the most important benchmark is Bitcoin’s performance.”
Saylor added that since MicroStrategy first announced it was buying Bitcoin in August 2020, the company has “been able to outperform Bitcoin as an index” over that time.
He said the company’s stock is up 117% since August 2020, compared to Bitcoin’s gain of 98%, adding:
Поврзани со: Американските институции сочинуваат 85% од купувањето на Биткоин во „многу позитивен знак“ - Matrixport
Late last year the company sold a portion of its Bitcoin holdings for the first time. Kang said that the 704 BTC were sold to harvest a tax loss of around $34 million and that even with the sale, the company “increased our net holdings by 2500 Bitcoin during the quarter.”
MicroStrategy’s overall revenue for the fourth quarter was $132.6 billion, reportedly beating Wall Street expectations. Its Q4 loss per share came in at $21.93.
At the time of writing, MicroStrategy’s stock price had fallen over 4% in after-hours trading, според to Yahoo Finance data.
Source: https://cointelegraph.com/news/microstrategy-says-no-plans-to-stop-trading-btc-as-paper-loss-hits-1-3b