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CoinGape 2021-07-30 13:29:34

MicroStrategy reveals nearly $690 million in impairment losses on BTC holdings

The Business intelligence organization, MicroStrategy has shared its second-quarter financial results for 2021 that revealed impairment losses of $689.6 million from its Bitcoin holdings. The Fortune 500 company holds $2.051 billion worth of BTC bought at an average price of $19,159 per bitcoin till June 30, 2021. The losses are mainly because the price at The post MicroStrategy reveals nearly $690 million in impairment losses on BTC holdings appeared first on Coingape.

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