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Cryptopolitan 2023-08-02 10:37:51

MicroStrategy posts impairment charge of $24 million in Bitcoin holdings; returns to profitability amid Bitcoin surge

In its second quarter, MicroStrategy (MSTR) recorded an impairment charge of $24.1 million on its Bitcoin (BTC) holdings, according to the latest earnings report. However, this is a notable decrease from the $917.8 million recorded in the same quarter of the previous year, and a slight increase from $18.9 million in Q1. The impairment reflects ... Read more

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