Microstrategy records the eighth quarterly loss in a row after a BTC value reduction fee of $ 198 million

Microstrategy records the eighth quarterly loss in a row after a BTC value reduction fee of $ 198 million

The American business intelligence company Microstrategy has recorded a further loss of quarterly after calculating the value of its Bitcoin portfolio.

according to Bloomberg Report , Microstrategy recorded a net loss of $ 249.7 million in the fourth quarter of 2022, which was limited to $ 21.93 per share. The company's turnover decreased by 1.5 % to $ 132.6 million and was thus under the estimated decline.

Microstrategy lists reduction in value of 198 million US dollars

The company based in Virginia recorded a reduction in $ 197.6 million in the last quarter to its BTC stocks. The value is considerable higher than The impairment of $ 727,000, which was incurred in the previous quarter.

As reported by cryptopotato , Microstrategy announced that the relatively stable evaluation of Bitcoin contributed to the minimal impairment in the third quarter. The company also bought 301 more bitcoins between July and October and increased its stock to 130,000 Btc.

until the end of the fourth quarter the business intelligence company 132,500 bitcoins and states to accumulate the crypto-asset. Although the company sold some 704 BTC to pay its tax burden for the first time, it finally bought 810 Btc.

The BTC supply of Microstrategy has increased by around $ 850 million due to the Bitcoin rally of over 40 % since the beginning of the year. The shares have also more than doubled after a break -in from over 60 % to around $ 290.

Microstrategy remains Bitcoin-friendly

In the middle of the roller coaster ride of profits and losses that Microstrategy has been plaguing since his first Bitcoin purchase in 2020, the company is still striving to capture the leading cryptocurrency and at the same time explore their potential.

Cryptopotato At the end of last year, the business intelligence company planned to start applications that are supported by Bitcoin Lightning Network. The goal was announced at the end of December by co -founder and former CEO Michael Saylor.

remember that Saylor has resigned from his role as CEO to concentrate on the Bitcoin contest strategy of Microstrategy. The BTC supporter said the applications would enable users to process more efficient Bitcoin transactions and to improve internet security.

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