Intention agency MicroStrategy, the largest corporate holder of bitcoin, got 31,755 bitcoins in the fourth quarter of 2023 for an common fee of $39,411 per coin, bringing its complete holdings to 190,000 bitcoins, the company announced on Tuesday.

These 190,000 bitcoins were got for a complete fee of $5.93 billion at an common fee of $31,224 per bitcoin, and were value a complete of $8.05 billion and an common of $42,531 per coin on the cease of December.

Read more: Could well well perchance fair quiet You Sell MicroStrategy Now That Tell Bitcoin ETFs Are On hand?

MicroStrategy furthermore recorded an impairment fee of $39.2 million on its bitcoin holdings in the fourth quarter, reflecting a decline in the value of some of its bitcoin in the quarter. A original accounting rule allows companies to file unrealized beneficial properties, to boot to losses, on their digital sources, nevertheless companies beget until 2025 to set up the alternate into affirm and MicroStrategy has not accomplished so but.

The company began buying bitcoin for its corporate treasury in August 2020 and has been progressively increasing its holdings since then, veritably funding its purchases via at-the-market choices of its shares.

MicroStrategy acknowledged its aquire of bitcoin in the fourth quarter became as soon as its largest quarterly bitcoin holding develop in the final three years, and the Thirteenth straight quarter of including more bitcoin to its balance sheet.

MicroStrategy’s stock has been a in particular sturdy performer over the previous couple of years nevertheless is down about 21% up to now in 2024, doubtlessly attributable to the initiating of arena bitcoin ETFs in early January has reduced the enchantment of investing in MicroStrategy as a proxy for bitcoin.