MicroStrategy’s Bitcoin holdings were valued at $2.2B in Q4 2022

MicroS­trat­e­gy, known for its repeat invest­ments in Bit­coin, pur­chased more of the dig­i­tal asset last quar­ter, accord­ing to a Feb. 2 investor report.

Andrew Kang, CFO of Micros­trat­e­gy, said that the com­pa­ny increased its total Bit­coin hold­ings to approx­i­mate­ly 132,500 BTC dur­ing the fourth quar­ter of 2022. That amount had a mar­ket val­ue of $2.194 bil­lion at the end of the quar­ter on Dec. 31, 2022.

Though Microstrategy’s Bit­coin hold­ings rose over­all, the firm has seen cumu­la­tive impair­ment loss­es of $2.153 bil­lion since its ear­li­er invest­ments. As such, its 132,500 BTC had a car­ry­ing val­ue (the cost of the asset minus depre­ci­a­tion) of $1.84 bil­lion on Dec. 31.

The busi­ness intel­li­gence com­pa­ny addi­tion­al­ly sold 704 BTC for $11.8 mil­lion of cash pro­ceeds, result­ing in gains on sale of $0.9 mil­lion in the fourth quarter.

Kang added that Microstrategy’s Bit­coin strat­e­gy “remains unchanged” — mean­ing that the com­pa­ny will con­tin­ue to acquire and hold Bit­coin in the long term.

Microstrategy’s stock (MSTR) is up 9.04% today and is val­ued at $292.13.