MicroStrategy maintains aggressive Bitcoin acquisitions despite Q2 impairment losses and regulatory scrutiny, with 152,800 BTC held as of 1 September 2023.
MicroStrategy reported its Bitcoin holdings valued at $4.02B (152,800 BTC) as of 1 September 2023, reflecting a 28% decline from acquisition costs amid ongoing market volatility.
Recent Developments (since 15 September 2023)
Last month, MicroStrategy’s Bitcoin holdings remained unchanged at 152,800 BTC, valued at $26,300 per Bitcoin as of 1 September 2023 (CoinDesk). The company has not announced new acquisitions since its 15 August 2023 $750M stock offering plan filed with the SEC.
Historical Comparison
In Q2 2023 (reported 1 August 2023), MicroStrategy recorded a $24.1M Bitcoin impairment loss, representing 9% of its crypto holdings’ value (Reuters). This contrasts with its 2022 peak holdings of 550,000 BTC worth $53B, demonstrating the strategy’s sensitivity to market swings.
On 15 August 2023, the firm initiated its latest equity raise – a $750M stock sale specifically earmarked for Bitcoin purchases (Bloomberg). This follows 2023’s 16% BTC price decline through September, testing the company’s dollar-cost-averaging approach.
