MicroStrategy, the largest corporate holder of Bitcoin, reported a net loss of $53 million for Q1 2024, with a digital asset impairment loss of $191.6 million. Despite a 65% surge in Bitcoin price during the same period, the company has not adopted the new digital asset fair value accounting standard. This means that MicroStrategy's carrying value of BTC holdings is currently $5.07 million, but could be $15.2 billion with the new accounting standards. The company missed the chance for potential inclusion in the S&P 500 due to reporting net losses during Q1 2024, but has purchased an additional 122 Bitcoin worth $7.8 million, bringing their total BTC holdings to 214,000 Bitcoins valued at $13.5 billion.