MicroStrategy, a top developer of software solutions that actively invested in BTC, lost $146 million in the fourth quarter of 2021 due to a decrease in the value of the cryptocurrency.

MicroStrategy’s bitcoin losses were added to the company’s operating expenses, which rose 125% to $248 million compared to the same period last year.

The bitcoin depreciation information was included in the report after the SEC (U.S. Securities and Exchange Commission) asked MicroStrategy to add share-based compensation costs, as well as impairment losses and gains from the sale.