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7.2927L6.65685 0.928741C7.04738 0.538216 7.68054 0.538216 8.07107 0.928741C8.46159 1.31926 8.46159 1.95243 8.07107 2.34295L3.41421 6.99981L16 6.99981C16.5523 6.99981 17 7.44752 17 7.99981C17 8.55209 16.5523 8.99981 16 8.99981L3.41421 8.99981L8.07107 13.6567C8.46159 14.0472 8.46159 14.6804 8.07107 15.0709C7.68054 15.4614 7.04738 15.4614 6.65685 15.0709Z"></path></svg>Back</a><div class="sc-4fdbe080-0 iZdgQN title "><h1>Crypto Daily: MicroStrategy reported a $727k impairment charge in Q3 on BTC holdings</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Nov 02, 2022</li><li>03:11</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Crypto Daily: MicroStrategy reported a $727k impairment charge in Q3 on BTC holdings" alt="Crypto Daily: MicroStrategy reported a $727k impairment charge in Q3 on BTC holdings" fetchpriority="high" width="600" height="314" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Fa841cd22-3ad8-4665-a8a0-ed1de71b71d6.png&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Fa841cd22-3ad8-4665-a8a0-ed1de71b71d6.png&w=1200&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Fa841cd22-3ad8-4665-a8a0-ed1de71b71d6.png&w=1200&q=75"/></div><div class="content_block"><p>The Q3 earnings for business intelligence firm MicroStrategy revealed a narrowed net loss of $27.1 million for the quarter, while it continues to grow its Bitcoin (BTC) portfolio despite poor crypto market conditions.</p><p>The world’s largest publicly traded corporate Bitcoin owner confirmed it still owns 130,000 BTC at the end of Q3 2022. That amount represents 0.62% of all Bitcoin that will ever be owned, which it says was acquired for a total cost of around $4 billion, or $30,639 per BTC.</p><p>The company reported on November 1 impairment charges for the quarter of $727,000, far less than the $917.8 million it recorded in Q2 2022 or the $65 million for the same period last year, thanks to stable Bitcoin prices throughout the last quarter.</p><p>An impairment charge is an accounting term used by businesses to describe a reduction in the value of held assets, and according to MicroStrategy, it had cumulative impairment losses of approximately $2 billion as of September 30.</p><p style="text-align:left">In an earnings call MicroStrategy president and CEO, Phong Le reiterated the firm’s long-term hodling strategy, saying: “We have not sold any Bitcoin to date. To reiterate our strategy, we seek to acquire and hold Bitcoin for the long term. And we do not currently plan to engage in sales of Bitcoin. We have a long-term time horizon and the core business is not impacted by the near-term Bitcoin price fluctuations”.</p><p>Hold BTC? <a href="https://crypterium.onelink.me/jtmZ/deposits?app_screen=deposits">Open an interest account</a> and receive yield while just HODLing.</p><h3>Bitcoin price analysis</h3><p class="">Bitcoin price found support near the $20,250 zone after a minor downside correction. The bulls were active above the $20,000 and $20,250 levels.</p><p class="">After a slight upside movement BTC stopped below $20,650. There is a bearish trend line forming with resistance near $20,650 on the hourly chart of the BTC/USD pair.</p><div class="container-Kl_TzTII"><div class="preview-xWiEHZgw fixedHeight-xWiEHZgw preview-Kl_TzTII"><picture class="picture-xWiEHZgw"><source src="https://s3.tradingview.com/news/image/newsbtc:3c749349f-f95c9729bbdd479ab10110f185a96a29-resized.webp" type="images/webp"/><img class="image-xWiEHZgw image-Kl_TzTII" role="presentation" src="https://s3.tradingview.com/news/image/newsbtc:3c749349f-f95c9729bbdd479ab10110f185a96a29-resized.jpeg" alt="Bitcoin Price"/></picture></div></div><pre>Source:<a href="https://www.tradingview.com/symbols/BTCUSD/" target="_blank" rel="nofollow noopener noreferrer">BTCUSD on TradingView.com</a></pre><h3>Technicals</h3><p class="">Hourly MACD is losing pace in the bullish zone</p><p class="">Hourly RSI is near the 50 level</p><p class="">Support Levels – $20,320, $20,250, $20,000, $19,200</p><p class="">Resistance Levels – $20,650, $20,700, $21,000, $22,500</p><p> </p><p><strong><a href="https://coinmarketcap.com/currencies/choise/">Follow Choise.com on CoinMarketCap</a> to stay updated.</strong></p></div></div><ul class="sc-a1b0f443-0 fTNNTN news_breadcrumbs"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Crypto Daily: MicroStrategy reported a $727k impairment charge in Q3 on BTC holdings</span></li></ul><div class="sc-ebb48054-0 hCkBCM"><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: MicroStrategy reported a $727k impairment charge in Q3 on BTC holdings"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: MicroStrategy reported a $727k impairment charge in Q3 on BTC holdings - Telegram"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: MicroStrategy reported a $727k impairment charge in Q3 on BTC holdings - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-3dbed908-0 fGcfsC"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="top_block"><div class="content"><div class="description"><div class="description_information"><p>The website and mobile apps are owned by the company Choise Services UAB. 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holdings","date_created":"2022-11-02T03:31:49.000Z","image":{"filename_disk":"a841cd22-3ad8-4665-a8a0-ed1de71b71d6.png","width":600,"height":314},"old_image":"https://webinar.choise.com/wp/2022/11/crypto_daily_analysis_wed.png","seo_image":null,"category":{"id":"82","title":"Daily Analysis","slug":"dailyanalysis","translations":[{"title":"Daily Analysis","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"Crypto Daily: MicroStrategy reported a $727k impairment charge in Q3 on BTC holdings","content":"\u003cp\u003eThe Q3 earnings for business intelligence firm MicroStrategy revealed a narrowed net loss of $27.1 million for the quarter, while it continues to grow its Bitcoin (BTC) portfolio despite poor crypto market conditions.\u003c/p\u003e\u003cp\u003eThe world\u0026#8217;s largest publicly traded corporate Bitcoin owner confirmed it still owns 130,000 BTC at the end of Q3 2022. That amount represents 0.62% of all Bitcoin that will ever be owned, which it says was acquired for a total cost of around $4 billion, or $30,639 per BTC.\u003c/p\u003e\u003cp\u003eThe company reported on November 1 impairment charges for the quarter of $727,000, far less than the $917.8 million it recorded in Q2 2022 or the $65 million for the same period last year, thanks to stable Bitcoin prices throughout the last quarter.\u003c/p\u003e\u003cp\u003eAn impairment charge is an accounting term used by businesses to describe a reduction in the value of held assets, and according to MicroStrategy, it had cumulative impairment losses of approximately $2 billion as of September 30.\u003c/p\u003e\u003cp style=\"text-align: left;\"\u003eIn an earnings call MicroStrategy president and CEO, Phong Le reiterated the firm\u0026#8217;s long-term hodling strategy, saying: “We have not sold any Bitcoin to date. To reiterate our strategy, we seek to acquire and hold Bitcoin for the long term. And we do not currently plan to engage in sales of Bitcoin. We have a long-term time horizon and the core business is not impacted by the near-term Bitcoin price fluctuations\u0026#8221;.\u003c/p\u003e\u003cp\u003eHold BTC? \u003ca href=\"https://crypterium.onelink.me/jtmZ/deposits?app_screen=deposits\"\u003eOpen an interest account\u003c/a\u003e and receive yield while just HODLing.\u003c/p\u003e\u003ch3\u003eBitcoin price analysis\u003c/h3\u003e\u003cp class=\"\"\u003eBitcoin price found support near the $20,250 zone after a minor downside correction. The bulls were active above the $20,000 and $20,250 levels.\u003c/p\u003e\u003cp class=\"\"\u003eAfter a slight upside movement BTC stopped below $20,650. There is a bearish trend line forming with resistance near $20,650 on the hourly chart of the BTC/USD pair.\u003c/p\u003e\u003cdiv class=\"container-Kl_TzTII\"\u003e\u003cdiv class=\"preview-xWiEHZgw fixedHeight-xWiEHZgw preview-Kl_TzTII\"\u003e\u003cpicture class=\"picture-xWiEHZgw\"\u003e\u003csource src=\"https://s3.tradingview.com/news/image/newsbtc:3c749349f-f95c9729bbdd479ab10110f185a96a29-resized.webp\" type=\"images/webp\" /\u003e\u003cimg class=\"image-xWiEHZgw image-Kl_TzTII\" role=\"presentation\" src=\"https://s3.tradingview.com/news/image/newsbtc:3c749349f-f95c9729bbdd479ab10110f185a96a29-resized.jpeg\" alt=\"Bitcoin Price\" /\u003e\u003c/picture\u003e\u003c/div\u003e\u003c/div\u003e\u003cpre\u003eSource:\u003ca href=\"https://www.tradingview.com/symbols/BTCUSD/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"\u003eBTCUSD on TradingView.com\u003c/a\u003e\u003c/pre\u003e\u003ch3\u003eTechnicals\u003c/h3\u003e\u003cp class=\"\"\u003eHourly MACD is losing pace in the bullish zone\u003c/p\u003e\u003cp class=\"\"\u003eHourly RSI is near the 50 level\u003c/p\u003e\u003cp class=\"\"\u003eSupport Levels – $20,320, $20,250, $20,000, $19,200\u003c/p\u003e\u003cp class=\"\"\u003eResistance Levels – $20,650, $20,700, $21,000, $22,500\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003ca href=\"https://coinmarketcap.com/currencies/choise/\"\u003eFollow Choise.com on CoinMarketCap\u003c/a\u003e to stay updated.\u003c/strong\u003e\u003c/p\u003e","short_content":"The world\u0026#8217;s largest publicly traded corporate Bitcoin owner continues to grow its BTC portfolio despite the market slump.","seo_title":null,"seo_description":"MicroStrategy impairment charge Q3 - Get the latest financial news and analysis from our team of experts. Learn about MicroStrategy's impairment charge in Q3 and what it means for the company and the wider market.","seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"dailyanalysis","slug":"microstrategy-impairment-charge-q3"},"buildId":"k1X0xmEDx3cy0dZTnbTG4","isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>