MicroStrategy has reported an impairment charge of $24.1 million on its bitcoin holdings in the second quarter, reflecting the decline in the price of bitcoin compared to its acquisition cost. The company's digital asset impairment is required under accounting rules and does not account for any increase in value unless assets are sold. Despite this charge, MicroStrategy's bitcoin holdings have increased to 152,800 bitcoins worth approximately $4.5 billion. The company also reported revenue of $120.4 million, falling short of analyst estimates.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
MicroStrategy Books Impairment Charge of $24.1M on Massive Bitcoin Holdings in Q2
-
Wechat scan to share
Recommended for you
-
A wallet address spent 27 SOL to buy KM, with a floating profit of about $650,000
after changing his nickname to "Kekius Maximus", Elon Musk's Solana-based meme coin, KM (Kekius Maximus), grew 100 times. A wallet address spent 27 SOL (about $5,200) to buy 18.1 million KM, which is now worth $655,000 with a return on investment of 126 times. -
ETH breaks through $3,400
market shows that ETH has broken through $3400 and is now trading at $3400.38, with a 24-hour increase of 1.28%. The market is volatile, so please be prepared for risk control. -
A trader spent $3,400 to buy 24.566 million AIXBT in early November, and now has a floating profit of $12 million.
on November 4th, a trader named "0xgalahad.eth" exchanged 9,000 VIRTUAL tokens (worth $3,400) for 24.566 million AIXBT tokens. Afterwards, they joined a liquidity pool and did not sell their AIXBT tokens. It is estimated that their profit is around $12 million, with an investment return rate of 3,549 times. -
A whale started to gradually build up SWARMS positions 10 days ago and has now accumulated 46.77 million SWARMS.
according to on-chain analyst @ai_9684xtpa, the whale 5Hfrn...bhUAs has been gradually building up positions in SWARMS since 10 days ago, and has now accumulated 46.77 million tokens (27.3 million US dollars), becoming the top buyer, accounting for 4.67% of the total token supply, with an average price of $0.03093 per token and a realized profit of $1.175 million. -
Three whales have accumulated a total of $3.47 million in ai16z tokens in the past 6 hours
According to Lookonchain monitoring, a whale who earned 6,289 SOL ($1.16 million) on ai16z bought 1 million ai16z for 6,293 SOL ($1.16 million) 4 hours ago. B6FsUN...XzDV bought 869,000 ai16z ($1.09 million) 1 hour ago and currently holds 4.38 million ai16z ($5.43 million). AVLKwK...x1Mv purchased 998,000 ai16z ($1.22 million) in the past 6 hours. -
A whale/smart money withdrew 40,000 ETH from Bitfinex two hours ago, worth $133 million
According to blockchain analyst @ai_9684xtpa, as reported by Jinse Finance, a whale/smart money with the address 0xEd0...a4312 withdrew 40,000 ETH worth $133 million from Bitfinex two hours ago, at an average price of $3326.7 per ETH. Afterwards, they deposited 20,000 ETH into Aave and borrowed 40 million USDC, all of which has now been deposited into Binance. -
ETH/BTC exchange rate rose by 1.5% in the past hour and a half, while BTC.D fell by 0.5%
On December 30th, according to TradingView data, as Ethereum strengthened and broke through $3,400, the ETH/BTC exchange rate rose 1.5% in the past hour and a half, now at 0.0364; Bitcoin market dominance (BTC.D) fell 0.5%, now at 57.7%. -
MicroStrategy is looking to sell its Class A shares to raise $2 billion to buy more Bitcoin
MicroStrategy is seeking to sell its Class A shares to raise up to $2 billion to purchase more Bitcoin and for general corporate purposes.In regulatory filings filed with the U.S. SEC, MicroStrategy did not disclose a timetable for stock sales or how much proceeds would be used to purchase Bitcoin.Earlier in June this year, MicroStrategy announced the issuance of $500 million unsecured senior convertible notes to purchase more Bitcoin, and one day later raised the issue price to $700 million. -
Analysis: MicroStrategy’s BTC purchases offset German government selling pressure
Some analysts believe that the German government's massive sale of Bitcoin is the reason for the sluggish cryptocurrency market. In addition, traders are concerned that the stock market may have peaked and that the US fiscal situation is weakening. According to previous monitoring by the on-chain crypto analysis company Arkham, a wallet related to the German government transferred 6,500 BTC to exchanges on June 19th, worth $425 million at the time. The wallet holds nearly 50,000 BTC, reportedly seized from the pirated movie website Movie2k that has been operating since 2013. Data shows that these BTC were sent to Kraken, Bitstamp, and Coinbase. However, MicroStrategy disclosed that it has purchased an additional 11,931 BTC for $786 million, which offsets the selling pressure.
Daily Must-Read
-
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
-
Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
-
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
-
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
-
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
-
Why is Solana's Dogwifhat (WIF) memecoin crashing?
All Comments