Thursday, March 28, 2024

Impairment

Block Inc’s Cash App Records Bitcoin Impairment in Q4 2022

Like many other companies, Block invested in Bitcoin when the digital asset price was skyrocketing. Multinational technology conglomerate Block (NYSE: SQ) said the Bitcoin gross profit from its Cash App declined by 25% to $35 million in Q4...

As BTC Plummets to $19,000, Elon Musk’s Tesla Reports $440 Million Impairment Losses

The world’s largest cryptocurrency Bitcoin (BTC) has struggled to keep up with its recovery and has been trading under pressure at a price of $19,000. After the massive price crash in the BTC price this year, Elon Musk’s...

Tesla ($TSLA) Suffers $101 Million Impairment Losses on Bitcoin Holdings in 2021

Tesla, the electric car maker, revealed that it suffered a loss of around $101 million of impairment losses from changes in the value of its bitcoin holdings in 2021. Tesla is reported to have invested an aggregate of...

Cash App Reports 200% Bitcoin Revenue Rise amid Square BTC Impairment Loss

In Q2, Cash App made $546 million in Bitcoin services. The company’s gross profit rose to $55 million even with a $45 million impairment loss.Square’s (NYSE: SQ) Cash App has announced a Bitcoin revenue increase of 200% for...

Square’s Q2 Bitcoin Revenue Grows 3X YoY, Impairment Losses at $45 Million

Square Inc., the Bitcoin payment app led by Jack Dorsey released its quarterly financial reports for shareholders on August 1st, reporting $4.68 Billion in total revenue in the second quarter of 2021.  Square’s revenue grew 143% year-on-year (YoY)....

MicroStrategy reveals nearly $690 million in impairment losses on BTC holdings

The Business intelligence organization, MicroStrategy has shared its second-quarter financial results for 2021 that revealed impairment losses of $689.6 million from its Bitcoin holdings. The Fortune 500 company holds $2.051 billion worth of BTC bought at an...

Tesla Records $23M in Bitcoin-Related Impairment Loss in Q2 Earnings Report

Tesla CEO Elon Musk may have a role to play in dragging the price of Bitcoin down, hence, paving the way for the impairment loss suffered by the firm.American electric vehicle and clean energy company, Tesla Inc (NASDAQ:...
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Shiba Inu Forecasted to Repeat History: Can SHIB Hit $0.0001? – Watcher Guru

Shiba Inu Forecasted to Repeat History: Can SHIB Hit $0.0001?  Watcher Guru Source link
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