Nasdaq-listed business intelligence firm MicroStrategy has reported a $24.1 million impairment charge on its cryptocurrency portfolio, which is now worth an estimated $4.4 billion after the firm bought more BTC in July, bringing its total to 152,800 coins.
Coinbase’s shares have outperformed the market after the U.S. District Court’s ruling on July 13 that Ripple Labs didn’t violate securities laws by selling XRP, which a federal judge said isn’t necessarily a security. Another judge, however, has recently disagreed with the Ripple ruling.
GameStop has announced a halt in its cryptocurrency wallet service and removed its iOS and Chrome Extension from the market in response to “the regulatory uncertainty of the crypto space.”
Top stories in the Crypto Roundup today:
- MicroStrategy’s Bitcoin Holdings Reach $4.4 Billion
- Judge’s Criticism of Ripple Decision Could Hurt Coinbase’s Defense Against SEC: Berenberg
- GameStop to Shut Down Crypto Wallet Service, Citing Legal Uncertainty
- BITO ETF Dominates Digital Asset Investment Products Volumes