Michael Saylor’s company, MicroStrategy (MSTR), is facing a notable $5.9 billion unrealized loss for the first quarter due to a new accounting rule that values its Bitcoin holdings based on current Market prices. After previously classifying Bitcoin as intangible assets, this change forced the company to recognize losses when Bitcoin’s value declined. This shift comes ...
Ellie Hart made a costly mistake while spring cleaning by accidentally throwing away a USB flash drive that contained her partner Tom’s £3 million worth of Bitcoin. She believed the drive was just another old memory stick mixed in with junk. Days later, when Tom couldn’t find it, Ellie realized what had happened, leading to ...
James Howells is known for one of the biggest Bitcoin losses in history, having accidentally thrown away a hard drive containing 8,000 Bitcoins, now worth around $760 million. Recently, his ex-girlfriend, Halfina Eddy-Evans, revealed that she was the one who discarded it at his request. In a recent interview, she shared that Howells asked her ...
