“The merchandise price of one [ether] in our principal market ranged from $964 to $3,813 during the year ended Dec. 31, 2022, but the do value of each Ethereum we held at the end of the reporting period reflects the lowest price of one Ethereum quoted on the active trade at any time since its receipt,” according to the filing. “Therefore, negative swings in the market price of Ethereum could drink a material impact on the company’s earnings and carrying value, while only time a rise in prices will affect the company’s earnings positively, is when the Ethereum held in the balance sheet, are sold at a gain,” the filing said.
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