Of the $220 million of bitcoin put on the company balance sheet in late 2020 and early 2021, Block didn’t book an impairment loss in Q4, leaving the full year impairment charge at $71 million, and carrying value at $149 million. As of year’s end, the fair value of the bitcoin investment was $371 million, or $222 million greater than the carrying value.
Related posts
-
Bitcoin Bulls Eye $75K and Higher as BTC Registers Three-Week Winning Streak
BTC has registered its first three-week winning trend since February. Original Spread the love -
Bitcoin Price Corrects Recent Gains: Is a Deeper Dip Coming?
Bitcoin price extended its increase above $66,000. BTC is now correcting gains below $65,500 and might... -
Coinbase Sees Strong Q4 for Bitcoin, Fueled by US Rate Cuts, China Stimulus
Coinbase Institutional’s report highlights optimism for the crypto market, driven by expectations of U.S. rate cuts...