MicroStrategy (MSTR) purchased 8,813 bitcoins during 2022’s major crypto drop, incurring a $1.28 billion impairment loss for the year, according to the company’s fourth-quarter report released on Thursday. As of December 31, the company had spent a total of $3.9 billion to purchase 132,500 bitcoins at an average price of $30,137. The carrying value of the company’s bitcoin holdings at the end of the quarter was $1.8 billion. MicroStrategy’s bitcoin holdings were worth $3.16 billion as of Thursday afternoon’s bitcoin price.