Today news
About the same in other media
Despite Bitcoin buying spree, Q3 wasn’t all that glittery for MicroStrategy
Reading now: 248
MicroStrategy, the biggest institutional investor in Bitcoin, has maintained its tradition of buying the largest crypto token. Just recently, it added almost 9,000 Bitcoin to its holdings in Q3. This brought its total BTC stash to a valuation of around $7 billion.
Well, there’s another side to it. Consider the chart below.
Source: Bloomberg
Even though the said company showcased a significant result overall, making huge investments in Bitcoin also showed poorly on the firm’s income statement. The world’s biggest corporate holder of Bitcoin witnessed paper losses from holding digital assets on its books.
In accounting terms, a “paper loss” occurs when the value of something drops below the price that was paid for it.
According to
Read more on ambcrypto.comAbout this in other media
Government to finally drop plan for HS2 link to Leeds – reports theguardian.com /2 years ago
High volumes put ProShares Bitcoin futures ETF among “top 2%” of all ETFs ambcrypto.com /2 years ago
Solana co-founder dismisses ‘knives out’ approach, calls Ethereum ‘beautiful force of good’ ambcrypto.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
