MicroStrategy Reports $918M Impairment Charge on Bitcoin Holdings in Q2

The company’s 129,699 bitcoins held at the end of June 30, 2022, were acquired for approximately $4 billion, reflecting an average cost per bitcoin of approximately $30,664, the company reported. At bitcoin’s current price of about $23,000, the value of those holdings is approximately $3 billion. MicroStrategy’s entire market capitalization is roughly $3.2 billion.

Source: https://www.coindesk.com/business/2022/08/02/microstrategy-reports-918m-impairment-charge-on-bitcoin-holdings-in-q2/?utm_medium=referral&utm_source=rss&utm_campaign=headlines