A key factor in MicroStrategy's profitability was its large bitcoin holdings, now totaling approximately 189,150 bitcoins acquired at an average price of $31,168 each. While the carrying value of the bitcoins on MicroStrategy's balance sheet took impairment losses of $39.2 million in Q4, this was far lower than the $197.6 million impairment loss a year prior. With bitcoin's market price recovering to $42,531 at year's end, the company's bitcoin holdings had a market value of $8 billion.