Block, whose chairman and co-founder is Jack Dorsey, recorded an impairment charge of $2 million on its bitcoin investment during the third quarter. As of Sept. 30, the fair value of Block’s bitcoin investment was $156 million based on “observable market prices,” which was $45 million greater than the carrying value of the investment after impairment charges, the company noted.
Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens
Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens Source link