Investor Presentaiton
Bitcoin Holdings Carrying Value vs. Market Value
Aggregate cost of $5.9 billion and current market value of $8.1 billion
Carrying value of $3.7 billion, net of ~$2.3 billion in cumulative impairment charges
($ in Billions)
$9.0
■Carrying Value
■Market Value
$8.0
$8.1
$8.0
$7.0
$6.0
$5.0
$4.6
$4.3
$4.0
$3.7
$4.0
$3.6
$3.0 $2.2
$2.0
$2.3
$2.5
$1.8
$2.0
$1.0
$0.0
Q4 22
Q1 23
Q2 23
Q3 23
Q4 23
(1)
2/5/24
Note: Calculations are based on prices as of 4pm Eastern Time on the last day of the respective quarter or date noted.
(1) The carrying value presented for 2/5/24 equals the 12/31/23 carrying value of our bitcoin plus the cost of bitcoin purchases during 2024 and does not reflect any impairment charges incurred after 12/31/23.
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