Tysons-based MicroStrategy sees 2022 loss soar on bitcoin volatility

MicroStrategy Inc.’s bitcoin bets grew even more costly last year as an impairment charge related to those holdings contributed to a near-tripling of its total net loss year-over-year to $1.5 billion in 2022 — its highest loss since at least the turn of the millennium In all, the Tysons business intelligence software company had to report more than $1.3 billion in digital asset impairment charges based on its bitcoin holdings for all of 2022, according to its earnings report released Thursday.