Cryptocurrency Daily Update, August 3, 2022

Posted on 08/03/2022

1. Michael Saylor will transition from CEO to Executive Chairman of MicroStrategy to better pursue “strategies of acquiring and holding Bitcoin.” MicroStrategy took a non-cash digital asset impairment charge of US$ 917.8 million on its Bitcoin holdings in the second quarter of 2022, up from US$ 170.1 million in the first quarter and US$ 424.8…

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