What do you do when you hold over 129,000 Bitcoin? Make some more money.
According to the report, 95,643 BTC of MacroStrategy’s crypto holdings are “unencumbered” as of March 31, with 19,466 BTC held by the subsidiary pledged as collateral — roughly $820 million at the time of the deal — for a $205 million loan from Silvergate. The remaining 14,109 BTC were held directly by MicroStrategy.
MicroStrategy reported $119.3 million in revenue for Q1 2022, a 3% decrease year-over-year. In addition, the firm's non-Generally Accepted Accounting Principles expenses for the first quarter were $275 million, with $170 million from BTC impairment charges. The United States Securities and Exchange CommissionMicroStrategy subsidiary adds another 4,197 BTC to balance sheet
Since making a $250-million investment in Bitcoin in August 2020, MicroStrategy now holds billions in crypto following separate buys using the company’s cash on hand and proceeds of sales of convertible senior notes in private offerings to institutional buyers. The BTC price is $37,787 at the time of publication, making the firm’s 129,218 coins worth roughly $4.9 billion.
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