Playboy Lost $4.9M on Ethereum ( $2,326.12 ) It Accepted as NFT Payments

“The market price of one Ethereum ( $2,326.12 ) in our principal market ranged from $964 – $3,813 during the year ended December 31, 2022, but the carrying value of each Ethereum ( $2,326.12 ) we held at the end of the reporting period reflects the lowest price of one Ethereum ( $2,326.12 ) quoted on the active exchange at any time since its receipt,” according to the filing. “Therefore, negative swings in the market price of Ethereum ( $2,326.12 ) could have a material impact on the company’s earnings and carrying value, while only time a rise in prices will impact the company’s earnings positively, is when the Ethereum ( $2,326.12 ) held in the balance sheet, are sold at a gain,” the filing said.