MicroStrategy Q1 Working Lack of $53.1M After Bitcoin Holdings Impairment Cost of $191.6M

by Jeremy

Whereas some had anticipated the corporate would possibly undertake the brand new honest worth accounting commonplace, and thus report a large revenue because of bitcoin’s (BTC) first quarter rally, the corporate elected not to take action. By the outdated commonplace, MicroStrategy at quarter’s finish valued its bitcoin holdings at a value of $23,680 every quite than March’s closing value of $71,028.

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