4 unchanged sentences
Market Price Risk of Bitcoin.
−Removed: We have used a significant portion of our cash, including proceeds from our issuance of long-term debt and proceeds from the sale of our class A common stock, to acquire bitcoin and, as of September 30, 2021, we held approximately 114,042 bitcoins.
−Removed: The carrying value of our bitcoins as of September 30, 2021 was $2.406 billion, which reflects cumulative impairments of $754.7 million, on our Consolidated Balance Sheet.
+Added: We have used a significant portion of our cash, including cash generated from capital raising transactions, to acquire bitcoin and, as of March 31, 2022, we held approximately 129,218 bitcoins.
+Added: The carrying value of our bitcoins as of March 31, 2022 was $2.896 billion, which reflects cumulative impairments of $1.071 billion, on our Consolidated Balance Sheet.
We account for our bitcoin as indefinite-lived intangible assets, which are subject to impairment losses if the fair value of our bitcoin decreases below their carrying value at any time since their acquisition.
Impairment losses cannot be recovered for any subsequent increase in fair value.
−Removed: For example, the market price of one bitcoin in our principal market ranged from $27,678.00 - $64,899.00 during the nine months ended September 30, 2021, but the carrying value of each bitcoin we held at the end of the reporting period reflects the lowest price of one bitcoin quoted on the active exchange at any time since its acquisition.
+Added: For example, the market price of one bitcoin on the Coinbase exchange (our principal market for bitcoin) ranged from $32,933.33 to $48,240.00 during the three months ended March 31, 2022, but the carrying value of each bitcoin we held at the end of the reporting period reflects the lowest price of one bitcoin quoted on the active exchange at any time since its acquisition.
Therefore, negative swings in the market price of bitcoin could have a material impact on our earnings and on the carrying value of our digital assets.
Positive swings in the market price of bitcoin are not reflected in the carrying value of our digital assets and impact earnings only when the bitcoin is sold at a gain.
−Removed: For the nine months ended September 30, 2021, we incurred an impairment loss of $684.0 million on our bitcoin.
+Added: For the three months ended March 31, 2022, we incurred an impairment loss of $170.1 million on our bitcoin.
Foreign Currency Risk.
1 unchanged sentence
dollar, the currency in which we report our Consolidated Financial Statements.
−Removed: International revenues accounted for 41.8% and 38.2% of our total revenues for the three months ended September 30, 2021 and 2020, respectively, and 43.3% and 41.0% of our total revenues for the nine months ended September 30, 2021 and 2020, respectively.
+Added: International revenues accounted for 42.6% and 42.9% of our total revenues for the three months ended March 31, 2022 and 2021, respectively.
We anticipate that international revenues will continue to account for a significant portion of our total revenues.
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dollar-denominated cash and investment accounts.
−Removed: As of September 30, 2021 and December 31, 2020, a 10% adverse change in foreign currency exchange rates versus the U.S.
+Added: As of March 31, 2022 and December 31, 2021, a 10% adverse change in foreign currency exchange rates versus the U.S.
dollar would have decreased our aggregate reported cash and cash equivalents and short-term investments by 3.0% and 4.0%, respectively.
−Removed: If average exchange rates during the nine months ended September 30, 2021 had changed unfavorably by 10%, our revenues for the nine months ended September 30, 2021 would have decreased by 3.9%.
−Removed: During the nine months ended September 30, 2021, our revenues were higher by 1.9% as a result of a 5.2% favorable change in weighted average exchange rates, as compared to the same period in the prior year.
+Added: If average exchange rates during the three months ended March 31, 2022 had changed unfavorably by 10%, our revenues for the three months ended March 31, 2022 would have decreased by 3.8%.
+Added: During the three months ended March 31, 2022, our revenues were lower by 2.6% as a result of a 5.7% unfavorable change in weighted average exchange rates, as compared to the same period in the prior year.
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.