Software analytics company MicroStrategy recorded a paper loss of over a billion dollars on its Bitcoin holdings in 2022 but says it has no plans to stop trading the digital asset.
MicroStrategy released its 2022 Q4 and year-end earnings on Feb. 2 showing the recorded impairment charges on its BTC holdings, net of gains on sale, was nearly $1.3 billion over the full year 2022.
Despite the paper losses, on a Feb. 2 earnings call MicroStrategy’s chief financial officer, Andrew Kang, said:
