Impairment loss – DIGIT INFO

FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst

DIGIT — Thu, 07 Sep 2023 04:53:05 +0000

“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” said analysts from Berenberg Capital.

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Michael Saylor welcomes FASB vote to review crypto accounting standards

DIGIT — Thu, 12 May 2022 01:38:57 +0000

The FASB is set to review its accounting rules for digital assets, which could see firms no longer be required to report crypto such as BTC as “intangible assets” on their balance sheets.

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Cash App’s quarterly Bitcoin revenue triples despite BTC impairment loss for Square

DIGIT — Mon, 02 Aug 2021 06:16:49 +0000

Jack Dorsey’s Square made more than 90% more gross profit than the same period last year, with $546 million coming from Cash App’s Bitcoin services.

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MicroStrategy pledges to buy more BTC despite paper loss on its holdings of $424.8M in Q2

DIGIT — Fri, 30 Jul 2021 01:54:26 +0000

As of June 30, 2021 MicoStrategy held an approximated 105,085 BTC with a carrying value of $2.051 billion, at a total impairment loss of $689.6 million since acquisition of the digital asset.

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