Cryptocurrency Analysis and News Portal
The company's 129,699 bitcoins held at the end of June 30, 2022, were acquired for approximately $4 billion, reflecting an average cost per bitcoin of approximately $30,664, the company reported. At bitcoin’s current price of about $23,000, the value of those holdings is approximately $3 billion. MicroStrategy's entire market capitalization
Read More
The value of the electric automakers’ sizable bitcoin holdings fell significantly in the second quarter. Original Source
Read MoreOn Global Accessibility Awareness Day, Paul Arnold, ICO Deputy Chief Executive and Chief Operating Officer shares his story. 19 May 2022 Developing my career as a visually impaired person has involved striving for equal access to opportunities in life and
Read More
The company's 129,218 bitcoins held at the end of March 31, 2022, were acquired for $3.97 billion, reflecting an average cost per bitcoin of approximately $30,700, the company reported. At bitcoin’s current price of about $37,662, the value of those holdings is approximately $4.9 billion. Source
Read More
Tesla recorded around $101 million of impairment losses from changes in the value of its bitcoin holdings in 2021. Original Source
Read More
MicroStrategy (MSTR) reported a non-cash digital asset impairment charge of $146.6 million in the fourth quarter, up from $65.2 million in the prior quarter, according to its latest earnings statement.The impairment reflects the decline in the price of bitcoin versus the price at which the bitcoin was acquired. Under standard
Read More
Electric car maker Tesla (TSLA) took an impairment charge of $51 million in the third quarter to account for its bitcoin holdings.Elon Musk’s electric vehicle company reported no new sales or purchases of digital assets, according to its 3Q earnings presentation. The company currently holds $1.26 billion in bitcoin.Bitcoin gained
Read More
In Q2, Cash App made $546 million in Bitcoin services. The company’s gross profit rose to $55 million even with a $45 million impairment loss.Square’s (NYSE: SQ) Cash App has announced a Bitcoin revenue increase of 200% for the second quarter year on year (YoY). The company posted a $546
Read More
Jack Dorsey’s Square has reported a 200% increase in Bitcoin revenue for the second quarter year-on-year (YoY).The company announced the impressive earnings figures in its second-quarter shareholder letter on August 1. In the report, Square revealed its total gross profit grew 91% YoY to $1.14 billion.Bitcoin services drove $2.72 billion
Read More
Tesla CEO Elon Musk may have a role to play in dragging the price of Bitcoin down, hence, paving the way for the impairment loss suffered by the firm.American electric vehicle and clean energy company, Tesla Inc (NASDAQ: TSLA) has posted its second-quarter earnings results in which it revealed a
Read More