Riot upsized Bitcoin holdings by $69m

Major Bitcoin miner Riot Platforms added $69 million worth of the world’s leading cryptocurrency to its holdings. According to Securities and Exchange Commission filings, Riot Platforms bought 667 Bitcoin (BTC), increasing its total crypto holdings to 17,429 BTC. Riot acquired this tranche at an average price of $101,135 per coin, bringing the total value of […]

How high can Bitcoin price go?

Bitcoin‘s surge past $106,000 for the first time in history prompts predictions for a further rally toward $120,00 and beyond. Source link

Fair Value Accounting for Bitcoin: FASB Rules Take Effect

As of today, the Financial Accounting Standards Board will put its fair value accounting rules on BTC and other eligible crypto assets into effect.  Under the new rules, companies will measure crypto assets at fair value and update them at each reporting period in their financial statements. This will help companies realize both profits and […]