MicroStrategy, a business intelligence company led by Michael Saylor, continues to make a splash in the cryptocurrency space, and its large holdings of Bitcoin have become the focus of the crypto community, according to U.Today. According to data from the on-chain analysis website Lookonchain, MicroStrategy purchased an additional 122 Bitcoins worth $7.8 million in April at $63,934 each. The company's Bitcoin reserves have increased by 25,250 since the end of the fourth quarter. This brings MicroStrategy's total Bitcoin holdings to 214,400, worth $13.22 billion, with an average purchase price of $35,180. According to Lookonchain's estimates, at current Bitcoin prices, the expected profit would reach $5.68 billion. However, under current accounting rules, MicroStrategy cannot report any increase in its Bitcoin holdings, including a nearly 67% increase in the most recent quarter. However, this may be due to a recent accounting rule change that requires digital assets to be valued at market prices. MicroStrategy did not adopt this modification in the first quarter, but instead reported a $191.6 million impairment loss on digital assets. In 2020, MicroStrategy became the first public company to include Bitcoin as a capital allocation strategy, with Saylor citing the need to hedge against inflation. Although Saylor has won the love of digital asset advocates, no other U.S. public companies have chosen to include Bitcoin in their financial statements, except for Tesla and some cryptocurrency-related companies.