MicroStrategy posts $53 million first-quarter loss after taking an impairment adjustment for the value of its bitcoin holdings
According to data compiled by Bloomberg, from January to last week, Michael Saylor received about $400 million in revenue from the pre-planned daily sale of about 5,000 MicroStrategy shares. This stock sale was carried out after the expiration of the options granted in 2014. The stock has doubled this year, reaching around $1,290, surpassing the record-breaking increase of the original cryptocurrency during the same period. At the end of 2014, MicroStrategy's trading price was about $160.
MicroStrategy stated on Monday that despite the surge in cryptocurrency during this period, the company lost $53 million in the first quarter after adjusting the value of its Bitcoin holdings. MicroStrategy stated that as of April 26, it holds 214,400 Bitcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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