MicroStrategy

The largest publicly traded holder of bitcoin has recorded total digital asset impairment charges of nearly $2.2 billion

Crypto is deemed “intangible assets” on balance sheets right now, but the Financial Accounting Standards Board is cooking up new rules

MicroStrategy is finally back in the green on its bitcoin, but the same can’t be said for other companies

Jobs numbers and fears of further rate hikes may be dragging traditional markets down

Major financial institutions may not have an ETF – but they have MicroStrategy, which is strongly correlated with BTC

The business intelligence company has purchased 6,455 BTC over the last few weeks

Monday’s SEC filing shows the company purchased 6,455 BTC over the past several weeks

The broadening of BTC use cases, bank closures could spur MicroStrategy to continue buying more of the asset, industry participant says

The bond credit rating firm lowered its outlook for all US banks from “stable” to “negative” and put six on watch for potential rating downgrades

A separate claim brought against Saylor and MicroStrategy accusing the company and its executive chairman of conspiring to violate the district’s False Claims Act, has been dismissed

Business intelligence firm plans to continue building bitcoin arsenal that currently totals 132,500 BTC

Silvergate Capital was up about 27% on the day, with bitcoin miners likewise rallying

Throughout the decline in digital asset prices this year, a handful of crypto critics began to suspect something more was amiss

With cryptos and stocks ending the year in the double-digits red, publicly traded crypto companies may be the worst performing assets of all

But watch out for that economic substance doctrine, it’s a doozy

MicroStrategy sold 704 bitcoins before re-purchasing 810 btc two days later

If MicroStrategy and Coinbase survive until their bonds mature and pay the debt in full, investors will pocket a gain

Coinbase stock is now worth as much as American Airlines after shedding 84% of its value so far this year

Binance offering to buy FTX has sent crypto stocks tumbling, with service providers and bitcoin miners taking the brunt of the selloff

The firm plans to continue buying and holding bitcoin after its digital asset impairment charges plummeted quarter-over-quarter

Cadwalader, Wickersham & Taft first filed now-unsealed complaint in April 2021 after meeting with whistleblowers

Impairment costs remain a concern for companies despite long-term buying opportunities

Planned stock sale comes after Washington DC attorney general alleges tax fraud against company founder Michael Saylor

The District’s attorney general claimed Saylor personally illegally avoided paying more than $25 million of DC taxes

The company’s president, Phong Le, is set to assume the chief executive role as Saylor becomes executive chairman