The software firm has increased its Bitcoin holdings by 198% since the same period last year, and as of Sept.
As the firm categorizes Bitcoin as an “intangible asset,” accounting rules mandate that it must report an impairment loss when the carrying value dips below its cost basis.
“This quarterly report represents an earnings surprise of 66.07%.
The firm posted a gross profit of $105.7 million for the quarter, with the figure tallying in the same as the year before.