Investment company MicroStrategy will consider additional opportunities to profit from unencumbered Bitcoin balances, according to the presentation of the financial results of the company for the first quarter of 2022.
During this period, the company’s income amounted to $119.3 million, expenses to $298 million, including $170.1 million due to negative revaluation 129,218 BTC ($194.1 million in Q1 2021).
In January-March, the company suffered a loss from operating activities in the amount of $170 million ($183.2 million). The net loss was $130.8 million ($110 million).
As of March 31, 2022, the book value of Bitcoin was the equivalent of $2.896 billion. The number reflects cumulative impairment losses of $1.07 billion since acquisition and the average the book value of one coin is about $22,409.
