Bullish Reports Q2 Net Loss Amid Bitcoin Markdown
Bullish (BLSH), the crypto platform and parent company of CoinDesk, reported a $280 million net loss in Q2, compared with a $108.3 million loss in the same period a year earlier.
The company said most of the reported loss came from a $244.6 million markdown of its Bitcoin holdings, reflecting the decline in BTC’s price during the quarter.
The results highlight how cryptocurrency price movements can have a significant impact on companies holding digital assets.
This is not financial advice.
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