Express
MicroStrategy CEO Says They Will Continue To Hold All 91,579 BTC
Summary: The listed business intelligence company MicroStrategy today released its Q1 2021 financial report on Thursday. During the first quarter of 2021, MicroStrategy purchased approximately 20,857 BTC at a total price of $1.086 billion, with an average cost of $52,087 per coin. As of March 31, 2021, the book value of MicroStrategy's digital assets (Bitcoin only) ...
The listed business intelligence company MicroStrategy today released its Q1 2021 financial report on Thursday.
During the first quarter of 2021, MicroStrategy purchased approximately 20,857 BTC at a total price of $1.086 billion, with an average cost of $52,087 per coin.
As of March 31, 2021, the book value of MicroStrategy's digital assets (Bitcoin only) was $1.947 billion, reflecting a cumulative impairment of $264.8 million since the acquisition.
The asset impairment loss is a method of accounting treatment, which refers to the loss caused by the recoverable amount of an asset is lower than its book value.
As of April 28, 2021, MicroStrategy holds approximately 91,579 BTC. Its CEO Michael Saylor said on Twitter: "We continue to 'hodl' all 91,579 of our Bitcoin."
By Mary Liu
Tags: Bitcoin,MicroStrategy
Link: MicroStrategy CEO Says They Will Continue To Hold All 91,579 BTC [Copy]
