MicroStrategy Makes Profit, Reports $24 Million Bitcoin Impairment Charge in Q2
Business intelligence company MicroStrategy—one of the largest institutional holders of Bitcoin in the U.S.—reported a $24.1 million impairment charge on...
Impairment
Riot sees lower 2022 revenue despite more BTC mined; delays annual filing on Bitcoin impairment calculation issue
Ad Crypto mining firm Riot Platforms published its 2022 financial results on March 2 and reported that it would delay...
Marathon Digital bungles crypto impairment sums, will reissue financials
Bitcoin (BTC) miner Marathon Digitial will reissue a number of previous financial statements after the Securities and Exchange Commission (SEC)...
MicroStrategy Records 8th Consecutive Quarterly Loss After $198M BTC Impairment Charge
American business intelligence company MicroStrategy has recorded another quarterly loss after calculating the value of its Bitcoin portfolio. According to...
MicroStrategy Reported Impairment Charge of $727K on Bitcoin Holdings in Q3
As of Sept. 30, 2022, the original cost basis and market value of MicroStrategy’s bitcoin holdings were $3.983 billion and...
This Week in Coins: Companies Report Big Bitcoin Impairment Charges but Markets Mostly Shrug
This week in coins. Illustration by Mitchell Preffer for Decrypt While long-term crypto holders are, broadly speaking, likely to be...
Jack Dorsey’s Block Reports $36M Impairment Loss on Bitcoin Holdings
Block Inc., the digital payments company co-founded by Jack Dorsey, reported a $36 million Bitcoin impairment loss in the second...
Tesla Hit With $170 Million Impairment Charge on Bitcoin Holdings
Elon Musk’s car manufacturer Tesla recorded a $170 million impairment charge for Bitcoin on its balance sheet during the first...
Tesla Sells Bitcoin for $64M Profit, Still Posts $170M Impairment Loss
For accounting purposes, Tesla must value its bitcoin at its lowest point during a quarter Tesla sold 75% of its...
Tesla Writes Down $170M in Bitcoin Impairment Charges in Q2
Electric carmaker Tesla recorded a $170 million impairment charge against the carrying value of its bitcoin assets. The company also...