Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
MicroStrategy 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
While some had expected the company might adopt the new fair value accounting standard, and thus report a sizable profit thanks to bitcoin'sfirst quarter rally, the company elected not to do so. By the old standard, MicroStrategy at quarter's end valued its bitcoin holdings at a price of $23,680 each rather than March's closing price of $71,028.The company also announced a small April addition of 122 tokens to its bitcoin stack, bringing total holdings to 214,400.
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