Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine.
MicroStrategy Q1 net loss hits $53.1M but Bitcoin buying spree continues
MicroStrategy has yet to adopt the new accounting standard that would have taken the billions of dollars in paper gains from Bitcoin’s 65% price rally into account.
Donald Trump’s Ethereum wallet holds $2.8M, new statement shows
The recent disclosure ups the figure disclosed in earlier records which said Trump held between $250,000 to $500,000 in an Ethereum wallet.
Silvergate stock plunges 31% after delayed filing raises doubts over future
Crypto-friendly bank Silvergate has delayed filing its 10-K, an annual report on the financial health of the company. The news has sent its stock price down 31%.