The world’s largest corporate holder, BitcoinMicroStrategy Inc., reported total revenue of US$119.3 million in the First Quarter which was a 2.9% year-over-year decrease.
As of March 31, MicroStrategy’s 129,218 BTC under management had a carrying value of US$2.896 billion and a total market value of US$5.893 billion, indicating the accumulated impairment loss of US$1.071 billion.
This makes MicroStrategy, the world’s largest publicly traded corporate owner of bitcoin. MicroStrategy’s Bitcoin had an average cost of nearly US$30,700 and a market price of US$45,602.79.
Note that Bitcoin’s price has fallen roughly 17% from that time. However this implies that the current total market value would be much lower, at around US$4.878 billion.
On Wednesday, MicroStrategy (MSTR) closed down 6.15% on the Nasdaq, and fell 0.70% after hours, as of this writing.
MicroStrategy also announced the appointment of Andrew Kang as its new Senior Executive Vice President & Chief Financial Officer.
Recently, in April, MicroStrategy had reportedly bought more 4,167 bitcoins for about $190.5 million in cash amounting to the total hodling of 129,218 bitcoins.
