MicroStrategy will continue to invest in bitcoin

MicroStrategy CEO Michael Saylorstated that the company will continue to pursue its crypto investment strategy and plans to invest additional funds in digital assets in the future.

According to the latest quarterly report,The business intelligence provider and mobile software developer currently owns 105,085 Bitcoins with a book value of $2.051 billion (market value at the time of publication is $4.187 billion). The company has accumulated such an impressive reserve in less than a year, and intends tocontinue to increase it despite a total impairment loss of $ 689.6 million.

However, this is only a negative resultaccounting at the end of the second quarter, but in fact MicroStrategy earned about $1 billion from investments in cryptocurrency. This is due to the fact that US regulations require that the value of intangible assets on the balance sheet be adjusted only when their price falls, and an increase is taken into account only at the time of sale or write-off.

The company spent  $2.741 billion on the acquisition of all bitcoins, and as of the date of the financial results report (June 30), their market value was $3.653 billion.

However, despite the actual arrival andMichael Saylor's commitment to digital assets, he recently said that the long-term strategy could be revised if in 4 years the BTC rate is lower than the current one. MicroStrategy also announced last month that it may invest some of the proceeds from the sale of $ 1 billion in shares in cryptocurrency.

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