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.

AccessTimeIconFeb 16, 2022 at 11:25 a.m. UTC
Updated Feb 16, 2022 at 4:03 p.m. UTC

Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

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.


DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

CoinDesk - Unknown

Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.