MicroStrategy to Shelve BTC? Nope

Photo - MicroStrategy to Shelve BTC? Nope
Lost some billions due to BTC price fluctuations? That’s nothing to worry about, according to MicroStrategy.
MicroStrategy has incurred a substantial loss in 2022, according to its Q4 2022 financial report.

The software analytics company wrote that as of December 31, 2022, the carrying value of MicroStrategy’s digital assets was $1.840 billion. The company had a total of 132,500 BTC worth $1.84 billion in 2022. 14,890 BTC of them were held directly by the business. The rest is overseen by its subsidiary MacroStrategy LLC. This reflects cumulative impairment losses of $2.153 billion since acquisition and an average carrying amount per bitcoin of approximately $13,887. 

Commenting on the developments, MicroStrategy’s chief financial officer, Andrew Kang said
We may consider pursuing additional transactions that may take advantage of the volatility in Bitcoin prices, or other market dislocations that are consistent with our long-term Bitcoin strategy.
Michael Saylor, MicroStrategy’s co-founder and avid Bitcoin supporter, also weighed in, saying that the company measures its stock performance against “a number of different benchmarks.” BTC’s performance benchmark serves as the key one.

He also emphasized that since 2020, the company has “been able to outperform Bitcoin as an index”, adding that the company’s stock is up 117% since August 2020, in comparison to Bitcoin’s gain of 98%, adding: 
The only real safe haven for an institutional investor is Bitcoin. Bitcoin is the only universally acknowledged digital commodity, and so if you're an investor, Bitcoin is your safe haven in this regard.
Previously, Gagarin News reported that MicroStrategy sold some of its BTC for the first time in its history.