[ad_1]
Even though over $2 billion in paper money lost their bitcoin holdings, MicroStrategy has bought many more during Q4 2022.
Their earnings report shows 3,204 bitcoins purchased between September and December for an average price of $17,600, bringing the total to 132,500 bitcoins.
The company also grossed $105 million for the quarter, but now they owe more than they have assets.
MicroStrategy had $2.4 billion in cash, bitcoin and other assets but nearly $2.8 billion in liabilities, making it a $383 million deficit.
Most of the liabilities are due to loans to buy bitcoin, totaling nearly $2.4 billion, with maturity dates between 2025 and 28.
That’s only three years from now, indicating MicroStrategy may have to sell some bitcoins to cover the loan.
But for now they are continuing to buy dips, albeit relatively small amounts compared to their 2020-21 purchases.
[ad_2]
Source link
