MicroStrategy lost $170.1 million on the fall of bitcoin. But don’t worry about it

Dmitry Yurchenko
MicroStrategy in its report indicated non-financial losses of $170.1 million due to the depreciation of the BTC, but is not discouraged by this
  • MicroStrategy releases first quarter report
  • She indicated non-financial losses of $ 170.1 million due to the depreciation of the BTC
  • This doesn’t upset management in the slightest, and here’s why

MicroStrategy is the world’s largest owner of bitcoins. It has 129,218 coins worth almost $5 billion in stock. Due to the downturn in the market, the brand lost $170.1 million in the first quarter and another $146.6 million in the 4th quarter of 2021.

However, this does not upset the owner of the company, Michael Saylor. He wrote on Twitter that he would buy all bitcoins for $25:

Here Sailor alludes to Warren Buffett, who recently said that he would not buy BTC, even if it costs $25.

A bit of math

According to the company, they spent $3.97 billion to buy 129,218 bitcoins. This means that the average cost of buying 1 BTC is about $30,700. At the current exchange rate of about $37,662, the value of MicroStrategy’s bitcoin reserves is about $4.9 billion.

“People who understand bitcoin buy it. And those who do not understand, talk about it” Michael Saylor added.

Recall that the other day MicroStrategy took out a loan of $205 million, and they plan to spend this money on buying bitcoins.

How do you like the article?


Author of articles on trading and investments, which I have been doing for more than 8 years. Even from your phone, you can open a deal, buy shares, build up capital in assets that will bring dividends even when you stop working. You can't just not think about it.

Leave a Reply

Your email address will not be published. Required fields are marked *