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MicroStrategy reports a loss after incurring a charge for Bitcoin impairment.

MicroStrategy reports a loss after incurring a charge for Bitcoin impairment | Trading Cocktail

MicroStrategy Inc. lost money in the fourth quarter after taking a $146.6 million charge to write down the value of its Bitcoins. When the U.S. Securities and Exchange Commission said in January that it couldn’t remove Bitcoin’s wild price swings from the unofficial accounting measures the company had been using to show investors how well it was doing, the company …

During the $500 Billion Crypto Market Crash, MicroStrategy purchased $25 million worth of Bitcoin

During the $500 Billion Crypto Market Crash, MicroStrategy purchased $25 million worth of Bitcoin | Trading Cocktail

MicroStrategy, the data analytics company run by billionaire cryptocurrency fanatic Michael Saylor, announced its latest big investment in bitcoin on Tuesday morning. This is the fourth time the company has made a huge bet on bitcoin, even as the SEC is cracking down on how the company has reported operating profits in the wake of bitcoin’s recent price crash. Between …