Enterprise business intelligence (BI) software vendor MicroStrategy (NASDAQ: MSTR) purchased over 8,800 Bitcoin (BTC) during the massive plunge the cryptocurrency market suffered in 2022, whereas its stock more than doubled since the year’s turn, a new report has shown.

As it happens, MicroStrategy bought 8,813 BTC during the cryptocurrency crash, taking a $1.28 billion impairment loss for 2022, and reporting a revenue of $132.6 million for the year’s fourth quarter but also a net loss of $250 million, according to the company’s financial results published on February 2.

Meanwhile, the price of MicroStrategy’s stock improved significantly since the start of the year, as it increased by 101.44% over the past month, growing from $145.02 on January 3, to $292.13 at the time of publication, as per the latest data retrieved by Finbold from Google Finance on February 3.

(By Ana Nicenko)