More firms set to add Bitcoin to balance sheets after major rule change
The rules allow crypto-holding companies to now report their paper gains, not just losses, which industry observers say could give more firms confidence to buy. Go to Source
FASB
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MicroStrategy CEO reiterates ‘long term’ Bitcoin play in Q3 earnings
The world’s largest corporate holder of Bitcoin has reduced its losses compared to previous earnings as its CEO says it will continue to buy and hold Bitcoin long term. Go to Source Powered by WPeMatico
FASB guidelines could ‘smooth the way’ for broader crypto adoption
Another step has been taken on the path to use fair-value accounting for the reporting of crypto assets in the United States. Go to Source Powered by WPeMatico
Michael Saylor welcomes FASB vote to review crypto accounting standards
The FASB is set to review its accounting rules for digital assets, which could see firms no longer be required to report crypto such as BTC as “intangible assets” on their balance sheets. Go to Source Powered by WPeMatico
