“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” said analysts from Berenberg Capital.
Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different.
The rise in crypto prices, as well as non-trading revenues, became key to profitability for many of these companies.
This week’s Crypto Biz looks at Worldcoin’s expansion plans, GameStop’s exit from crypto, MicroStrategy’s quarterly results and Nomura’s crypto license in Dubai.
The MicroStrategy co-founder believes crypto-related regulatory enforcement action will play in Bitcoin's favor.
This week’s Crypto Biz explores the fast-growing AI market, MicroStrategy’s integration with Bitcoin Lightning Network, and Microsoft's efforts to power AI development.
Bank of America and Fidelity have increased their MicroStrategy exposure in what appears to be a passive Bitcoin investment.