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MicroStrategy Hasn't Bought Any Bitcoins This Month
The company said it held 125,051 bitcoins as of Feb. 14, the same as at the beginning of the month.
MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that made bitcoin acquisition a key goal, hasn't bought any of the cryptocurrency for two weeks.
- The Tysons Corner, Va.-based company held 125,051 bitcoins as of Feb. 14., it said in a Securities and Exchange Commission filing Wednesday, the same amount it reported at the beginning of the month.
- CEO Michael Saylor has been slowing the pace of purchases. At the start of December the company bought more than 1,400 bitcoins in nine days, a rate of almost 160 a day. In January, it bought another 660, about 21 a day.
- Saylor has been insistent that the company has no plans to sell its bitcoin holdings and is invested for the long term.
- MicroStrategy incurred $163 million in digital asset impairment losses during the first quarter of 2022 on bitcoin held as of the end of last year, it said.
UPDATE (Feb. 16, 11:43 UTC): Updates to reflect lack of purchases in February.
STORY CONTINUES BELOW
UPDATE (Feb. 16, 12:00 UTC): Adds impairment charge in final bullet point.
UPDATE (Feb. 16, 12:49 UTC): Changes sourcing to SEC filing in first bullet from company statement.
Sheldon Reback
Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.
