Block's (XYZ) third-quarter 10-Q, filed on November 4, shows that the company held 9,237 $BTC as of September 30, up 120 from 9,117 at the end of the second quarter. The fair value of this Bitcoin investment was approximately $772 million. It ranked 14th on Bitcoin Treasuries' Bitcoin 100 list.
An increase of 120 in a quarter is barely noticeable against holdings of 9,237. This looks more like maintaining the position as is than adding to it. What will really move its financial statements is the change in the fair value of these assets, not newly purchased coins.
If the increase is still around this level in next quarter's 10-Q, it would be fair to say that companies of this kind are no longer buying much at this price. One company doesn't tell us about the whole picture; we need to compare more 10-Qs as they come out.
#比特币 #机构持仓 #TreasuryCompany
An increase of 120 in a quarter is barely noticeable against holdings of 9,237. This looks more like maintaining the position as is than adding to it. What will really move its financial statements is the change in the fair value of these assets, not newly purchased coins.
If the increase is still around this level in next quarter's 10-Q, it would be fair to say that companies of this kind are no longer buying much at this price. One company doesn't tell us about the whole picture; we need to compare more 10-Qs as they come out.
#比特币 #机构持仓 #TreasuryCompany