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Benzinga
Benzinga
Business
Madhukumar Warrier

MicroStrategy Reports $147M Impairment Charges On Bitcoin In Q4 — But It's Not Backing Down

MicroStrategy

MicroStrategy Inc. (NASDAQ:MSTR) recorded a digital asset impairment charge of $146.6 million in the recent fourth quarter, but the business intelligence firm continues to add more Bitcoin (CRYPTO: BTC) to its holdings.

What Happened: MicroStrategy CEO Michael Saylor, a self-proclaimed Bitcoin bull, announced on Twitter that the company has purchased an additional 660 bitcoins for about $25 million in cash, at an average price of about $37,865 per bitcoin.

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