Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 381

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1B
Chunk 381
---
3

        Approximate number of bitcoins held

        447,470

        189,150

        Digital assets carrying value
         
        $
        23,909,373

        $
        3,626,476

        Cumulative digital asset impairment losses
         
        $
        4,058,875

        $
        2,269,013

      The carrying value on the Company’s Consolidated Balance Sheet at each period-end represents the lowest fair value (based on Level 1 inputs in the fair value hierarchy) of the bitcoins at any time since their acquisition.  Therefore, these fair value measurements were made during the period from their acquisition through December 31, 2024 or 2023, respectively, and not as of December 31, 2024 or 2023, respectively.The following table summarizes the Company’s digital asset purchases, digital asset sales, digital asset impairment losses, and gains on sale of digital assets (in thousands, except number of bitcoins) for the periods indicated:

87

        Years Ended December 31,

        2024

        2023

        2022

        Approximate number of bitcoins purchased

        258,320

        56,650

        8,813

        Approximate number of bitcoins sold

        0

        0

        704

        Digital asset purchases
         
        $
        22,072,759

        $
        1,902,299

        $
        287,921

        Digital asset sales
         
        $
        0

        $
        0

        $
        11,817

        Digital asset impairment losses
         
        $
        1,789,862

        $
        115,851

        $
        1,287,213

        Gains on sale of digital assets
         
        $
        0

        $
        0

        $
        927

      From time to time, the Company’s execution partners may extend short-term trade credits to the Company to purchase bitcoin in advance of using cash funds in the Company’s trading account, or allow the Company to make bitcoin purchases on a delayed settlement basis. Trade credits and delayed settlement payments, as applicable, are due and payable after the bitcoin purchases are completed.  In 2024 and 2023, certain bitcoin of MacroStrategy LLC (“MacroStrategy”), a wholly-owned subsidiary of the Company, were subject to a