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

MicroStrategy mikeybellusci

MicroStrategy mikeybellusci Get yourself some GreenChartBSC We can change our lives!! greenchartarmy

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

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

YouTube Ad Sales Pop 20% in Q4, Topping Netflix Revenue for QuarterYouTube’s advertising business kept burning rubber in the fourth quarter of 2021, delivering impressive growth and surpassing Netflix’s global revenue for the period. The internet video… Of course, y’all YouTube mutha fuckers run dual 15 second ads every video that are unskippable 90% of the time…
Source: Variety - 🏆 108. / 63 Read more »