.MicroStrategy reported a $146.6 million impairment charge in Q4 related to its bitcoin holdings. mikeybellusci reports
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."
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