MicroStrategy Replies To FASB Standards To Update Bitcoin Holdings

Also Read: U.S. Debt Ceiling Talks Set To Resume; Will Crypto Market Rally?

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As per MicroStrategy, It is the largest public company holder of Bitcoin. MSTR revealed that as of March 31, 2023, it is holding 140K Bitcoins (approx worth $3.78 billion on 22 May 2023). It mentioned that the company bought these BTC at an original cost basis of $4.17 billion.

The market value of MSTR’s Bitcoin holdings stood at around $3.986 billion. This is twice the amount it carried in its BTC on the consolidated balance sheet.

(THIS IS A DEVELOPING STORY)

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