MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of...

MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M

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Source: Coindesk.com

MicroStrategy (MSTR) reported a net operating loss of $53.1 million, or $3.09 per share, in the first quarter after taking a digital asset impairment charge of $191.6 million, according to a Monday afternoon press release.

While some had expected the company might adopt the new digital asset fair value accounting standard, and thus report a sizable profit

Read More https://www.coindesk.com/business/2024/04/29/microstrategy-q1-operating-loss-of-531m-after-bitcoin-holdings-impairment-charge-of-1916m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M" appeared first here Coindesk.com.

Source: Coindesk.com

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