MicroStrategy Reports $170M Impairment Charge on Bitcoin Holdings in Q1

MicroStrategy Reports $170M Impairment Charge on Bitcoin Holdings in Q1

The company’s 129,218 bitcoins held at the end of March 31, 2022, were acquired for $3.97 billion, reflecting an average cost per bitcoin of approximately $30,700, the company reported. At bitcoin’s current price of about $37,662, the value of those holdings is approximately $4.9 billion.

Originally Posted on: https://www.coindesk.com/business/2022/05/03/microstrategy-reports-170m-impairment-charge-on-bitcoin-holdings-in-q1/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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