Michael Saylor's MicroStrategy Books a Much Smaller Bitcoin Impairment Charge
Briefly

Michael Saylor's MicroStrategy (MSTR) booked a far smaller accounting writedown tied to its bitcoin (BTC) hoard last quarter versus the final three months of 2022, helped by the cryptocurrency's giant rally to begin the year.MicroStrategy's impairment loss was $18.9 million for the first quarter, down from the fourth quarter's $197.6 million and the $170.1 million loss a year earlier, according to a statement Monday.
Read at Coindesk
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