8 unchanged sentences
This exposure would generally manifest itself in the following areas:
−Removed: account for our bitcoin holdings as indefinite lived intangible assets and we record impairment
−Removed: charges whenever the carrying value of our bitcoin holdings on the balance sheet exceeds
+Added: Company accounts for its bitcoin holdings as indefinite lived intangible assets and records
+Added: impairment charges whenever the carrying value of bitcoin holdings on the balance sheet exceeds
their fair market value.
1 unchanged sentence
value of bitcoin on the balance sheet, as recovery of previously recorded impairment charges
−Removed: are not allowed under US GAAP.
+Added: are not allowed under U.S.
in the fair market value of bitcoin also impact the cash value that would be realized if
−Removed: we were to sell our bitcoin for cash, therefore having a negative impact on our liquidity.
−Removed: March 31, 2023, the Company held approximately 11,466 bitcoin and the fair value of a single bitcoin was approximately $28,474, meaning
−Removed: that the fair value of our bitcoin holdings on that date was approximately $326,487 thousand.
−Removed: Prior to the termination of its credit facilities on March 8, 2023, the Company was exposed to interest rate risk
−Removed: as both our Term Loan and RLOC facilities called for interest at a variable rate tied to the Wall Street Journal Prime Rate, which was
−Removed: 7.75% as of March 8, 2023.
−Removed: Our Term Loan facility called for interest rates at the WSJ Prime rate plus a margin of 1.75% or 9.50% as
−Removed: of March 8, 2023.
−Removed: Our RLOC facility called for interest rates at the WSJ Prime rate plus a margin that varies based on the collateral
−Removed: posted as follows:
−Removed: margin (9.00% currently) if the RLOC LTV Ratio is less than 40%
−Removed: margin (9.75% currently) if the RLOC LTV Ratio is greater than 40% but less than 55%
−Removed: margin (10.50% currently) if the RLOC LTV Ratio is greater than 55%
+Added: the Company were to sell its bitcoin for cash, therefore having a negative impact on our
+Added: June 30, 2023, the Company held approximately 12,538 bitcoin and the fair value of a single bitcoin was approximately $30,467, meaning
+Added: that the fair value of our bitcoin holdings on that date was approximately $381,992.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.