TechFlow news, April 8 — According to Coindesk, MicroStrategy did not increase its Bitcoin holdings last week (March 31 to April 6), maintaining its current holdings at 528,185 BTC. Affected by new accounting standards, the company expects to record an unrealized loss of $5.91 billion on its Bitcoin holdings in the first quarter (after-tax net loss of approximately $4.22 billion). In the first quarter of this year, MSTR raised a total of $7.69 billion (including $4.4 billion from common stock offerings), nearly all of which was used to purchase Bitcoin at high prices, raising its average holding cost to $67,500. It currently holds an unrealized gain of about 14%. MSTR shares dropped 9% at Monday's opening, bringing its year-to-date decline to 10%, although it remains up 77% compared to the same period last year.
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