SEC rejects MicroStrategy‘s Bitcoin accounting practices: Report
The business intelligence firm has reported it used non-GAAP methods of calculating figures for its BTC buys excluding the “impact of share-based compensation expense and impairment losses and gains on sale from intangib...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The business intelligence firm has reported it used non-GAAP methods of calculating figures for its BTC buys excluding the “impact of share-based compensation expense and impairment losses and gains on sale from intangible assets.”
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Twenty One Capital CEO Says $1.09 Billion Quarterly Profit Came From Bitcoin, Not Business
Twenty One Capital (XXI) reported $1.087 billion in net income for the third quarter, and CEO Rapha Zagury told shareholders on Fr...
New US report reveals yen rescue used euros, not dollars. That matters for Bitcoin
The November 12 report confirms a Treasury reserve-currency trade, leaving leveraged yen borrowing as a potential Bitcoin risk. Re...
Ethereum Dancing on Two Fronts as Quantum Upgrade Advances and Treasury Leverage Bites
Ethereum developers want to upgrade the network to be quantum-ready by 2027, potentially accelerating one of its biggest security...
18 Crypto Firms Seek to Join Court Fight Over Illinois’ 0.2% Crypto Tax
Under Illinois’ Digital Asset Tax Act, a broker that exchanges, transfers or holds a digital asset for a customer in Illinois must...
US Justice Department, business groups and DeFi firms challenge Illinois crypto tax
Industry groups argued in court filings that Illinois’ crypto tax, which applies even when a transaction yields no profit, could r...
Tether-backed Twenty One Capital reports $1.09 billion Q3 net income on bitcoin gains
Twenty One Capital reported $1.09 billion in Q3 net income, driven by Bitcoin gains, while posting a $4.8 million operating loss.