Bakkt reported an increase in revenue and expenses in the fourth quarter, driven by another large impairment charge. Revenue came in at $15.6 million, below FactSet estimates of $16 million, but...
Tag: Impairment
Block Inc’s Cash App Records Bitcoin Impairment in Q4 2022
Like many other companies, Block invested in Bitcoin when the digital asset price was skyrocketing. Multinational technology conglomerate Block (NYSE: SQ) said the Bitcoin gross profit from its Cash A...
MicroStrategy Records 8th Consecutive Quarterly Loss After $198M BTC Impairment Charge
American business intelligence company MicroStrategy has recorded another quarterly loss after calculating the value of its Bitcoin portfolio. According to a Bloomberg report, MicroStrategy recorded a...
Tesla Reports $34M Impairment Charge on Bitcoin Holdings in Q4 2022
In its latest earnings report released Wednesday, Tesla revealed it had neither bought nor sold any Bitcoin in the final quarter of 2022. The electric car manufacturer, however, reported $34 million i...
Tesla reports Bitcoin impairment charge in Q4 2022 – Cryptopolitan
On Wednesday, Tesla disclosed in its latest earnings report that it had not purchased or sold any Bitcoin during the fourth quarter of 2022. The electric car manufacturer still reported $34 million wo...
Crypto Firm Bakkt Reports $1.5B in Impairment Losses in Q3
Georgia-based crypto trading company Bakkt Inc has released the results of its third quarter ending September 30, showing a net revenue of $12.9 million increase of 41% year-over-year. The trading pla...
MicroStrategy’s $1.99B Bitcoin Impairment Loss Could Be Avoided If Invested in Ethereum
According to MicroStrategy Inc.’ (NASDAQ: MSTR) third-quarter 2022 financial results, the company is counting an impairment loss of approximately $1.99 billion on its Bitcoin holding. However, a study...
MicroStrategy Posts Modest $727K Bitcoin Impairment Charge
Key Takeaways MicroStrategy reported $727,000 in impairment losses on its Bitcoin holdings in the third quarter of 2022. The company’s Bitcoin impairment losses were considerably higher in other...
Bitcoin Miner Riot Takes $349M Goodwill Impairment Charge on Acquisitions
“Although challenging global market conditions in the second quarter, further impacted by a steep decline in the price of Bitcoin and resulting decline in market valuations for publicly-traded Bitcoin...
Crypto Miner Core Scientific Downsizing After $840M Impairment Charge
Produced 3,365 bitcoin in the quarter, a 4% drop from the prior quarter Shares of CORZ have clawed back some of the year’s losses over the past month Core Scientific (CORZ) reduced its headcount by 10...
Jack Dorsey’s Block Reports $36M Impairment Loss on Bitcoin Holdings
Block Inc., the digital payments company co-founded by Jack Dorsey, reported a $36 million Bitcoin impairment loss in the second quarter, something the company attributed to “broader uncertainty aroun...
MicroStrategy Takes A $917 Million Impairment Loss On Its Bitcoin Stash As Crypto Prices Tumble ⋆ ZyCrypto
Advertisement     MicroStrategy, the largest bitcoin holding-publicly-traded company in the world, took a non-cash digital asset impairment charge in the third quarter...
CoinShares posts £8.2M Q2 loss due to one-off impairment hit from Terra
London-based digital asset management firm Coinshares reported a loss before tax of £8.2 million for the second quarter, versus a profit before tax of £28.6 million a year ago, on the back of a one-of...
MicroStrategy Reports $917M Bitcoin Impairment Charge as Saylor Steps Aside
MicroStrategy took a non-cash digital impairment charge of $917.8 million in the second quarter of 2022, according to its Q2 2022 earnings call on Tuesday. An impairment charge describes a drastic red...
MicroStrategy records $918M impairment loss in Q2, Saylor moves to new Chairman role
MicroStrategy recorded an impairment charge of $918 million on its Bitcoin (BTC) holdings in the second quarter, according to its earnings report released on August 2. The report also revealed that th...
MicroStrategy Reports $918M Impairment Charge on Bitcoin Holdings in Q2
The company’s 129,699 bitcoins held at the end of June 30, 2022, were acquired for approximately $4 billion, reflecting an average cost per bitcoin of approximately $30,664, the company reported...
Tilray swings to loss on impairment charge but revenue beats analyst target
Tilray Brands Inc. TLRY, +6.44% shares fell 1.5% in premarket trades Thursday after the cannabis company said it swung to a fourth-quarter loss of $457.8 million, or 90 cents a share, from net income ...
Tesla Sells Bitcoin for $64M Profit, Still Posts $170M Impairment Loss
For accounting purposes, Tesla must value its bitcoin at its lowest point during a quarter Tesla sold 75% of its BTC but Elon Musk said it’s open to buying more Plunging bitcoin prices have forced Tes...
Tesla Writes Down $170M in Bitcoin Impairment Charges in Q2
Electric carmaker Tesla recorded a $170 million impairment charge against the carrying value of its bitcoin assets. The company also recorded gains of $64 million from some of its bitcoin sales in a f...
Tesla Hit With $170 Million Impairment Charge on Bitcoin Holdings
Elon Musk’s car manufacturer Tesla recorded a $170 million impairment charge for Bitcoin on its balance sheet during the first half of 2022. It also netted $64 million in gains from certain sales of t...
Public companies holding Bitcoin face impairment losses amid market crash
MicroStrategy, Tesla, and other public companies holding Bitcoin face significant impairment losses as Bitcoin (BTC) closed the second quarter below $19,000. MicroStrategy BTC holding down 58% Accordi...
As BTC Plummets to $19,000, Elon Musk’s Tesla Reports $440 Million Impairment Losses
The world’s largest cryptocurrency Bitcoin (BTC) has struggled to keep up with its recovery and has been trading under pressure at a price of $19,000. After the massive price crash in the BTC price th...
Bancor pauses impairment loss protection citing ‘hostile’ market conditions
Bancor, a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, paused its impairment loss protection (ILP) function on Sunday, citing “hostile” market conditions. In ...
Peloton took $182 million impairment charge last quarter as inventories piled up
A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton‘s goodwill took a ...
MicroStrategy Logged A $170M Impairment Loss From Its Bitcoin Holdings In Q1 2022 ⋆ ZyCrypto
Advertisement     MicroStrategy, the publicly traded company with a 129,218 BTC-strong treasury published its Q1 2022 earnings report on Tuesday. The Bitcoin-hoarding ...
MicroStrategy Reports $170M Impairment Charge on Bitcoin Holdings in Q1
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. MicroStrategy (MSTR) took a non-cash digital ass...
MicroStrategy Registers a $170 Million Impairment Charge on Bitcoin in Q1
American business intelligence company MicroStrategy released its Q1 financial results in which it revealed a non-cash digital asset impairment charge of $170.1 million. The company also revealed appo...
Teladoc stock plunges more than 30% after earnings outlook slashed, massive impairment charge
Shares of Teladoc Health Inc. were slammed in after-hours trading Wednesday, after the telemedicine company took an impairment charge of more than $6.5 billion and slashed its full-year outlook. Telad...
Tesla Bitcoin Impairment Loss In 2021 Crosses $100 Million Following Price Crash
Tesla remains one of the public companies with the largest bitcoin holdings in the world. The automotive manufacturer had purchased bitcoin which was made public by CEO Elon Musk at a conference. Sinc...
Tesla Reported $101M Impairment Losses
In a recent 10-K filing, which is used to report a public company’s financial performance, Tesla revealed a $101 million loss in Bitcoin (BTC) investment. The electric vehicle company invested $1.5 bi...
Tesla ($TSLA) Suffers $101 Million Impairment Losses on Bitcoin Holdings in 2021
Tesla, the electric car maker, revealed that it suffered a loss of around $101 million of impairment losses from changes in the value of its bitcoin holdings in 2021. Tesla is reported to have investe...