Companies that bought bitcoin
This Week in Crypto Games: Supercell's Investment, Saga Airdrop, 'Parallel' Adds Expansion
The company continues to cling to its substantial Bitcoin investment, even amid ongoing price booms for the largest cryptocurrency. It last reduced its holdings in Q2 2022 after liquidating 75%, or roughly $936 million worth of BTC. Companies buying bitcoin “Bitcoin needs to cut in half for around $21,000 before we’d have a margin call,” MicroStrategy president Phong Les said in May during an earnings call. But that’s exactly what happened. In the two months since MicroStrategy’s latest bitcoin purchase, the cryptocurrency lost more than half of its value. As of June 14, MicroStrategy has lost $1.1 billion on its bitcoin bet and now may have to post more collateral on their loan.
Companies that bought bitcoin
The FASB announcement also may encourage other corporations to include crypto as part of their corporate treasuries since the ability to record it at fair market value will eliminate a significant impediment to holding it. Totals by Category This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.Share Of Bitcoins
Although the exact number of Bitcoin in his possession is unknown, the latest “Bloomberg Billionaires Index” has Zhao’s net worth at $31 billion. Given that the 46-year-old had previously stated that he owns very little fiat currency, it is safe to say that a fair chunk of that net worth could be in digital assets, most of it Bitcoin. Community We’d like to share more about how we work and what drives our day-to-day business.
