MicroStrategy reported $146.6 million in impairment losses on its Bitcoin holdings in the fourth quarter.
The highest impairment loss came in the second quarter of 2021 where it lost about 80% of the total BTC value purchased in that quarter. MicroStrategy recorded a net loss of $90 million or $8.43 per share on a diluted basis in Q4.MicroStrategy currently holds a total of 125,051 BTC acquired for about $3.78 billion at an average price of $30,200 per Bitcoin.
Microstrategy started buying Bitcoin in August 2020 to use it as a treasury hedge instead of the U.S. Dollar. The firm has been instrumental in bringing Bitcoin to institutional firms and public companies including the likes of Tesla and SpaceX.
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