American business intelligence company MicroStrategy released its Q1 financial results in which it revealed a non-cash digital asset impairment charge of $170.1 million.appointing Andrew Kang as its new Senior Executive Vice President and Chief Financial Officer, taking over Phong Le on or about May 9th, who will continue as the firm’s President.
The report further mentioned that the original cost basis and market value of the Michael Saylor-led firm’s Bitcoin holdings were $3.967 billion and $5.893 billion, respectively, as of March end. This essentially represented an average cost per Bitcoin of approximately $30,700 and a market price per BTC of $45,602.79, respectively.
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