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
-
In the past 24 hours, the entire network has liquidated $405 million, mainly short positions
data shows that a total of $405 million was liquidated in the past 24 hours, with long positions liquidated at $79.9603 million and short positions liquidated at $325 million. -
BlackRock deposits 44,774 ETH and 900 BTC into Coinbase Prime
according to Arkham monitoring data, about 1 hour ago, BlackRock deposited 44,774 ETH (USD 195.29 million) and 900 BTC (USD 101.67 million) into Coinbase Prime. -
BNB breaks through $880
market showed that BNB broke through $880, now reported at $880.08, with a 24-hour increase of 1.07%. The market is fluctuating significantly, please be cautious and manage risks. -
After the release of the non-farm payroll data, spot gold rose by nearly $20 in the short term and is now at $3,571 per ounce.
release of non-farm data, spot gold rose nearly $20 in the short term, now trading at $3571 per ounce. -
Pump.fun has spent over $62.6 million to repurchase its native token PUMP
according to Dune Analytics data, Pump.fun has spent over $62.6 million to buy back its native token PUMP. The buyback has absorbed over 16.5 billion tokens, with an average buyback price of $0.003785, aiming to stabilize the price trend and reduce selling pressure. -
Data: 102,000 Bitcoin contracts will expire on Deribit at 4:00 PM this Friday
according to unfolded data, at 16:00 this Friday, Deribit platform will have 102,000 Bitcoin contracts expiring, with a nominal value of 11.34 billion US dollars. -
CoinShares: Total outflows from digital asset investment products reached $1.43 billion last week
latest report from CoinShares shows that last week saw a significant outflow of funds from digital asset investment products for the first time in weeks, totaling $1.43 billion, the highest level since March. Last week, trading volume for Exchange-Traded Products (ETPs) reached $38 billion, about 50% higher than the average for this year. At the beginning of this week, a pessimistic sentiment surrounding the Federal Reserve led to a $2 billion outflow of funds. However, market sentiment shifted after Jerome Powell's speech at the Jackson Hole symposium, which was widely interpreted as more dovish than expected, leading to an inflow of $594 million. -
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
-
Crypto treasuries set for ‘bumpy ride’ as premiums narrow: NYDIG
-
Trump family went pro-crypto after Biden ‘weaponized banks’ — WSJ
-
New York lawmaker wants to tax crypto sales and transfers
-
Trump to order probe of crypto and political debanking claims: WSJ
-
Bros who tricked MEV bots with their own medicine must face trial, says judge
-
Western Union CEO Views Stablecoins as an Opportunity, Not a Threat: Bloomberg
All Comments