• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home EUROPE

MicroStrategy’s 124k Bitcoin Stash Might Be Worth $30,200 Per Coin- Expert

CB4U by CB4U
January 22, 2022
in EUROPE
0
MicroStrategy’s 124k Bitcoin Stash Might Be Worth $30,200 Per Coin- Expert
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

MicroStrategy’s 124k Bitcoin holdings might be valued at $30,200 per coin on average according to crypto investment strategist, Gabor Gurbacs. The business intelligence firm which is touted to be the biggest corporate backer of the king coin received a significant amount of attention after its usage of non-GAAP rules came under the notice of the SEC who objected and asked the firm to revise it.

In addition to that, on 21st January 2022, the firm’s shares MSTR plummeted by 20%, the biggest single loss since Feb 23 last year. The drop in the shares of MicroStrategy seems to correlate with Bitcoin’s price tumbling by more than 7% around 4:15 p.m. in New York on the same day.

With respect to the GAAP issue, The firm told the SEC it used non-GAAP measures to give investors a fuller picture of its finances. The firm in its response claimed that if it showed declines in value, would give “an incomplete assessment” of its Bitcoin holdings The SEC disagreed. In a letter dated Dec. 3, the financial regulator asked MicroStrategy to remove it from future filings. Following that on Dec. 16, MicroStrategy responded it would comply.

MicroStrategy has been a known vocal advocate with regard to changing the rules of the current cryptocurrency accounting. In 2021, the firm shot a letter to the Financial Accounting Standards Board or FASB asking it to rewrite rules better that reflect the real value of cryptocurrencies.

FASB has remained unresponsive to calls for writing new rules for digital assets but heavy investments in the digital asset by MicroStrategy and Tesla Inc. have forced it to change its stance. In December, the board finally announced that it would start researching the issue.

MicroStrategy CEO- Never, no we’re not sellers

Despite a 40% drop in the value of Bitcoin, MicroStrategy CEO Michael Saylor in an interview revealed that he has no intention of selling his firm’s $5 billion worth BTC stash. Even if the king coin heads towards a lengthy bear market, Saylor told Bloomberg that he is a “Bitcoin bull” and stood firmly against cashing out BTC stating,

“Never. No. We’re not sellers. We’re only acquiring and holding Bitcoin, right? That’s our strategy.”

MicroStrategy became the first big corporation in the United States to acquire and hold Bitcoin as part of its balance sheet in August 2020. Since then, the business intelligence firm has acquired nearly 124,391 BTC worth about $5.2 billion at current market prices.

Advertisement Banner
Previous Post

BTC/USD Trades Around $35,100 Level

Next Post

New data shows how Solana transactions compare against Ethereum

CB4U

CB4U

Next Post
New data shows how Solana transactions compare against Ethereum

New data shows how Solana transactions compare against Ethereum

Discussion about this post

RECOMMENDED

1v1 WITH ACTION AND TOP FROM ASTRA ACADEMY • FRIENDLY TDM •

1v1 WITH ACTION AND TOP FROM ASTRA ACADEMY • FRIENDLY TDM •

1 year ago
Why SushiSwap 15% Gain Could Be The Beginning Of An Uptrend

Why SushiSwap 15% Gain Could Be The Beginning Of An Uptrend

11 months ago

DON'T MISS

SEC Said to be Considering Retail Staking Ban

SEC Said to be Considering Retail Staking Ban

February 9, 2023
AXS Price Prediction: Axie Rises by 57% to $11. Is this a Sign of Investing in the Token? 

AXS Price Prediction: Axie Rises by 57% to $11. Is this a Sign of Investing in the Token? 

February 9, 2023
What is decentralized storage, and how does it work?

What is decentralized storage, and how does it work?

February 9, 2023
U.S. Democrats Seek More Info On Federal Crypto Mining Data Collection

U.S. Democrats Seek More Info On Federal Crypto Mining Data Collection

February 9, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

SEC Said to be Considering Retail Staking Ban

SEC Said to be Considering Retail Staking Ban

February 9, 2023
AXS Price Prediction: Axie Rises by 57% to $11. Is this a Sign of Investing in the Token? 

AXS Price Prediction: Axie Rises by 57% to $11. Is this a Sign of Investing in the Token? 

February 9, 2023
What is decentralized storage, and how does it work?

What is decentralized storage, and how does it work?

February 9, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
en English
en Englishja Japaneseko Koreantl Filipinovi Vietnamesehi Hindibn Bengalita Tamilzu Zulusw Swahilide Germanfr Frenches Spanishpt Portugueseru Russian