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.
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.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
