According to the latest reports ( regarding the Q4 2023 and early 2024 ), MicroStrategy's situation has changed drastically due to the appreciation of Bitcoin:



Recovery: MicroStrategy no longer has an unrealized loss. With the price of Bitcoin rising above its average purchase price (which ranges around US$31,000 to US$35,000 per BTC), the company has started to record an unrealized profit of billions of dollars.

Historical Context: In mid-2022 and 2023, during the "crypto winter," the company recorded accounting impairments (impairment) exceeding US$2 billion, but since the company maintains a "HODL" (hold) strategy, these losses were only on paper.

March 2024 Update: Recently, MicroStrategy continued buying more Bitcoin. Currently, the company holds over 214,000 BTC, and its unrealized profit exceeds US$6 billion, depending on the current market price.
BTC-1.85%
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