MicroStrategy Founder: FASB's new accounting standards will promote global companies to use Bitcoin as a reserve asset
MicroStrategy founder Michael Saylor announced on Twitter that the Financial Accounting Standards Board (FASB) of the United States has officially adopted Bitcoin fair value accounting for fiscal years beginning after December 15, 2024. The upgrade in accounting standards will promote global businesses to adopt Bitcoin as a reserve asset. According to previous news, the United States will introduce its first cryptocurrency accounting rules, allowing crypto companies and any other company holding Bitcoin or Ethereum to record their held cryptocurrencies at fair value, with changes in fair value being recorded as net income.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia (NVDA.US) discloses SpaceX (SPCX.US) holdings for the first time! The value of shares held is nearly $21 billions, with holdings in Intel (INTC.US) reaching $30 billions.
According to a 13F regulatory filing submitted by Nvidia to the U.S. Securities and Exchange Commission (SEC) on Friday, as of June 30, the company held approximately 122.8 million shares of SpaceX, with a position value close to 21 billions USD.
Crypto prices
More
