Despite a loss of $ 424.8 million - MicroStrategy sticks to Bitcoin strategy

MicroStrategy intends to stick to its “digital asset strategy” despite an impairment loss of 424.8 million US dollars in the first half of 2021. What is Michael Saylor planning to do?

When announcing the company's second quarter 2021 results, Michael Saylor, notorious CEO of MicroStrategy, announced that his company would continue to stick to its Bitcoin strategy despite huge losses on paper.

Overall, MicroStrategy has seen its Bitcoin investments depreciate a total of $ 689.6 million in the value of its investments since Bitcoin's all-time high of $ 64,805 . MicroStrategy currently owns approximately 105,085BTC with a book value of $ 2.051 billion.

MicroStrategy still massively in the black with Bitcoin investments

However, this is only a loss on paper and does not reflect the loss realized. If you add up all of the Bitcoin investments, MicroStrategy is still in the black with its investments of over a billion US dollars . You shouldn't forget that MicroStrategy bought a large part of its BTC in August , September and December of 2020.

Overall, the average price at which MicroStrategy acquired its Bitcoins is just under $ 26,000. With Bitcoin currently at $ 38,708, the company's investments are still extremely lucrative.

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