Accounting rules forcing mark-downs on Bitcoin held at cost basis is a feature of old GAAP, not a signal the asset is worthless, I'll take that "impairment" off their hands any day.
Yeah fair point on the accounting noise, but that's still a big hole to climb out of operationally.
Depends how much runway they have honestly, a paper loss doesn't burn cash the same way real operating bleed does.
wait is anyone actually reading past "78m loss" or just panic selling on the headline
Accounting rules forcing mark-downs on Bitcoin held at cost basis is a feature of old GAAP, not a signal the asset is worthless, I'll take that "impairment" off their hands any day.
Yeah fair point on the accounting noise, but that's still a big hole to climb out of operationally.
Depends how much runway they have honestly, a paper loss doesn't burn cash the same way real operating bleed does.