MicroStrategy (MSTR) reported a second quarter net loss of $102.6 million or $5.74 per share versus income of $22.2 million or $1.52 per share one year earlier.

The loss came as the company took an impairment charge on its bitcoin holdings of $180.1 million versus $24.1 million in the second quarter a year ago.

The impairment charge reflects the loss or gain of the company’s bitcoin holdings compared to the price that it was purchased at. While new accounting guidelines allow for companies to mark to market their digital asset holdings, firms are not yet required to do so.