Berenberg: Since August 2020, MicroStrategy has reported a cumulative impairment loss of $2.23 billion

ChainCatcher news, according to CoinDesk, a report from investment bank Berenberg shows that since adopting a Bitcoin acquisition strategy in August 2020, MicroStrategy has reported a cumulative impairment loss of $2.23 billion. The largest impairment loss for MicroStrategy occurred in the second quarter of 2022, amounting to $917.8 million.

At the same time, after the Financial Accounting Standards Board (FASB) voted to change the way companies report their financials, MicroStrategy will soon be able to report its held BTC each quarter without having to recognize impairment losses when cryptocurrency prices decline.