MicroStrategy, helmed by Bitcoin mega-bull Michael Saylor, reported fourth quarter earnings to investors and stakeholders on Feb. 2. MicroStrategy revealed a $90 million net loss, according to the earnings report.
The loss was largely due to Bitcoin impairment charges of $146.6 million and $26.5 million for the fourth quarter of 2021 and 2020, respectively, according to the report. However, MicroStrategy’s positive position on Bitcoin remains apparently unfazed.
“MicroStrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per bitcoin As of 1/31/22 we #hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin,” Saylor tweeted on Feb. 1.
The company said it acquired a total of 53,922 bitcoins in 2021.
Saylor Remains Bullish on Bitcoin
The loss didn’t deter Saylor from his Bitcoin bullishness, however, as he tweeted the same day that “The only thing you will regret in old age is not doing it. – Rudyard Kipling on #Bitcoin.”