The net value of its digital assets at the end of the quarter was $184 million, the same as it’s been for the past three quarters. At the end of the second quarter, the price of bitcoin was roughly $30,400, up from about $28,500 at the end of the first quarter. However, current accounting rules don’t allow the valuation of digital assets to be increased when prices rise unless the assets are sold, but they can be reduced when prices decline, even before a sale.
Related posts
-
Long Bitcoin (BTC), Short Solana (SOL) Tactical Trade Preferred Heading Into U.S. Election, Crypto Research Firm Says
“If Harris wins, the likelihood of these ETFs getting approved may decrease, potentially leading to a... -
Colorado Resident Loses $6,000 in Bitcoin to Phone Scammer
A Keystone resident lost $6,000 in bitcoin in a phone scam in which a scammer claimed... -
Dogecoin Rallies, Bitcoin ETFs Bleed Ahead of U.S. Elections
BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox...