MicroStrategy, a software company renowned for its extensive Bitcoin holdings, has reported a $727,000 impairment charge on its BTC assets during the third quarter. The charge was attributed to decreased volatility and value depreciation of the world's largest cryptocurrency exchange. MicroStrategy currently holds a total of 130,000 bitcoins, making it the largest publicly traded corporate owner of Bitcoin. The company experienced an impairment loss of $727,000 by the end of September 30th, compared to a loss of $65 million during the same period in the previous year. Additionally, for the nine-month period ending on September 30th, 2022, MicroStrategy reported a $1 billion impairment loss, in contrast to the previous year's $684 million. These losses highlight the impact of Bitcoin's declining value on MicroStrategy's assets. The company expressed optimism regarding the Financial Accounting Standards Board's Bitcoin policies, as they aim to establish clear accounting rules and promote institutional adoption of Bitcoin as an asset class.