.MicroStrategy posted nearly a $200M impairment charge on its bitcoin holdings in Q4 as the value of its 132,500 coins dipped to $1.84B vs. nearly $4B acquisition cost. $MSTR SteveAlpher reports
The company's digital asset impairment reflects the decline in the price of bitcoin versus the price at which the bitcoin was acquired. Under standard accounting rules the value of digital assets such as cryptocurrencies must be recorded at their cost and then only adjusted if their value is impaired, or goes down. But if the price rises, that does not get reported unless an asset is sold.
The price of bitcoin began the fourth quarter at roughly $19,100 and ended the quarter at about $16,500.
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