The Business intelligence organization, MicroStrategy has shared its second-quarter financial results for 2021 that revealed impairment losses of $689.6 million from its Bitcoin holdings. The Fortune 500 company holds $2.051 billion worth of BTC bought at an average price of $19,159 per bitcoin till June 30, 2021. The losses are mainly because the price at which MicroStrategy bought BTC in the second quarter of 2021 was higher than the current price.
MicroStrategy reveals nearly $690 million in impairment losses on BTC holdings
coingape.com
30 July 2021 13:46, UTC