MicroStrategy’s New CFO Says Bitcoin Strategy Unchanged Amid Market Drop: Report – Crypto News
Andrew Kang spoke to the Wall Street Journal Wednesday regarding MicroStrategy's bitcoin strategy. Source link
Saylor Calls MicroStrategy’s Bitcoin Play ‘Tremendous Success,’ Promises More BTC Buys – Crypto News
MicroStrategy has spent $3.97 billion acquiring 129,218 bitcoins for an average of $30,700 apiece, he wrote. With bitcoin trading nearly $10,000 above that, the trade remains well in the green – though not nearly as much as when BTC was touching $69,000 all-time
SEC rejects MicroStrategy’s Bitcoin accounting practices: report – Crypto News
Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s accounting practices for its crypto purchases.According to a Bloomberg report, a comment letter from the SEC released Thursday showed the regulatory body objected to MicroStrategy reporting information related to its
SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings – Crypto News
Under standard accounting rules, the value of digital assets such as cryptocurrencies must be recorded at their cost and then only adjusted if their value is impaired, or goes down. But if the price rises, that does not get reflected until an asset
MicroStrategy’s Saylor Lays Out Ways Firm Could Generate Yield From Its Massive Bitcoin Holdings – Crypto News
BusinessThe CEO discussed several ways the software company could produce income from the 122,478 bitcoin on its balance sheet. By Michael BellusciDec 17, 2021 at 7:43 p.m. UTCUpdated Dec 17, 2021 at 9:53 p.m. UTCMicroStrategy CEO Michael Saylor (Joe Raedle/Getty Images)