MicroStrategy, a software firm renowned for holding the largest amount of Bitcoin, recently announced a $727,000 impairment charge on its BTC holdings in the third quarter. This charge was attributed to reduced volatility in the price of the world's leading cryptocurrency. MicroStrategy, known as the largest publicly traded corporate owner of Bitcoin, currently holds 130,000 bitcoins. The company reported an impairment loss of $727,000 by the end of September, compared to a loss of $65 million during the same period last year. Furthermore, for the nine-month period ending September 30, 2022, MicroStrategy disclosed a $1 billion impairment loss, compared to $684 million for the same period in 2021. These losses are a result of Bitcoin's decreasing value throughout the year. MicroStrategy's financial report also noted that the average cost per bitcoin held was approximately $30,639, while the market price per bitcoin stood at $19,480.51. Additionally, the company expressed optimism about the Bitcoin policies mentioned by the Financial Accounting Standards Board (FASB), which aims to establish clear accounting rules for corporations holding digital assets like BTC. Implementing fair value accounting for cryptocurrencies, as proposed by the FASB, would improve the treatment of bitcoin holdings and encourage institutional adoption.