BITCOIN

Micro-Strategy Inspires FASB to Change Bitcoin Accounting Standards for Centuries

The Financial Accounting Standards Board has received hundreds of letters inspired by micro-strategies urging companies holding bitcoin to reconsider U.S. accounting standards. Bloomberg Report

MicroStrategy recently wrote to the Financial Accounting Standards Board (FASB), “This disconnect between the financial statements of an entity and the economic reality of its financial condition and the results of its operations and fails to provide information to investors, analysts and the general public. They need to make an informed assessment of the present and future possibilities of an entity.



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