The largest BTC corporate holder – MicroStrategy – posted a minimal impairment charge of $727,000 on its bitcoin ownings in Q3, 2022 due to the relatively stable price of the asset during that period.
The company purchased additional 301 coins between July and October, rounding up its total holdings to 130,000 BTC.
The Q3 Results
The American business intelligence corporation continued to follow its BTC agenda during the third quarter of 2022 and bought more bitcoin. As of writing these lines, its holdings equal over $2.6 billion.
“Furthering the commitment to our bitcoin strategy, MicroStrategy acquired approximately 301 additional bitcoins this quarter and remains the world’s largest publicly traded corporate owner of bitcoin, with total holdings of 130,000 bitcoins,” Chief Financial Officer Andrew Kang stated.
Despite BTC’s slight price rally in the past few days, the company still sits on a massive $1.4 billion unrealized loss. It spent almost $4 billion to accumulate i
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