MicroStrategy Chief Financial Officer Phong Le says the firm will continue to purchase bitcoin despite recent downturns.
how it discloses its bitcoin holdings in future filings. The securities watchdog sent letters to the firm asking it to better reflect bitcoin's volatility in its filings, rather than use accounting practices that adjust for bitcoin impairment losses.
a letter last September claiming the impairment losses could distract from the company's overall results, though MicroStrategy has since agreed to revise its disclosures and Le told the Wall Street Journal he understood the SEC's point of view.not seen since July this week, though it has climbed to over $36,000 at the time of publication.
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