impairment loss

According to reports, Playboy’s parent company Plby Group reported an impairment loss of $4.9 million on Ethereum held in 2022. Plby Group accepts Ethereum as a payment method for its Rabbitars NFT project launched in 2021 and holds it as a digital asset on its balance sheet. PlayboyTV accepted Bitcoin payments in 2018. （Coindesk） Playboy’s parent company reported an impairment loss of $4.9 million on Ethereum held in 2022 Analysis based on this information:Playboy’s parent company, Plby Group, has reported an impairment loss of $4.9 million on Ethereum held in 2022. This loss can be attributed to the declining value of Ethereum as a result of market fluctuations. Plby Group had accepted Ethereum as a payment method for its Rabbitars NFT project, launched in 2021, and held it as a digital asset on its balance sheet. However, with the recent market volatility, the value of Ethereum decreased and caused an impairment loss for the company. It isn’t the first time…

It is reported that Meitu announced on the Hong Kong Stock Exchange that since the purchase of cryptocurrency, the Group has not purchased or sold any cryptocu…