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fromBitcoin Magazine
6 hours ago

American Bitcoin (ABTC) Posts $59M Q4 Loss Amid Bitcoin Slump

Bitcoin declined about 23% in the fourth quarter, pressuring companies that hold large reserves of the cryptocurrency on their balance sheets. Under updated rules from the Financial Accounting Standards Board, firms must mark digital asset holdings to market each reporting period. As a result, American Bitcoin recorded a $227 million non-cash loss tied to the revaluation of its bitcoin treasury.
Cryptocurrency
Cryptocurrency
fromBitcoin Magazine
1 day ago

GD Culture (GDC) Shares Surge As Board Approves Bitcoin Sale

GD Culture Group's board approved selling 7,500 bitcoin worth $510 million to fund a $100 million share repurchase program, with the company's bitcoin holdings exceeding its total market capitalization.
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