PLBY Group Loses $4.9M after Receiving Ethereum Payments for Its ‘Rabbitars’ NFT
Negative swings in the market price of Ethereum may have had a material impact on the company’s earnings and carrying value. PLBY Group (NASDAQ: PLBY) has announced that it lost about $4.9 million in the value of the Ethereum (ETH) assets it held last year. The parent company of Hugh Hefner’s
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