MicroStrategy's Bitcoin Impairment Charge Reduced.

MicroStrategy's impairment loss was $18.9 million for Q1 2021, down from the previous quarter's $197.6 million, thanks to Bitcoin's rally. The company also bought more Bitcoin, bringing its holdings to 140,000, and pre-paid its Silvergate loan. MicroStrategy's CFO said the conviction in their Bitcoin strategy remains strong as the digital asset environment continues to mature.