MicroStrategy Takes $147M Impairment Charge on Bitcoin Holdings in Q4

MicroStrategy CEO Michael Saylor, center

For 2021, MicroStrategy posted total digital asset impairment losses of $831 million, versus $71 million in 2020. On its earnings call Tuesday, MicroStrategy's CFO Phong Le said the company expects an additional significant impairment charge during the first quarter of 2022 given bitcoin's volatility. Le added that MicroStrategy is working with other companies and various agencies to"determine a more appropriate accounting framework for digital assets."

MicroStrategy mikeybellusci Wow, they have lost so much usdt, hope they will be able to recover

MicroStrategy mikeybellusci

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MicroStrategy mikeybellusci Impairment charge? Isn't that just corporatist speak for incompetence and loss?

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