FASB Accounting Change Removes Bitcoin Impairment Barrier for Corporations
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MicroStrategy has reported over $2B in bitcoin impairment losses, giving a false impression of reduced value.
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FASB voted to allow fair-value accounting for digital assets, eliminating impairment losses.
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This change eliminates a barrier to corporate bitcoin adoption per Michael Saylor.
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MicroStrategy is expected to adopt the new accounting rules as soon as allowed, before 2025.
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U.S. companies may be more open to holding digital assets given improved accounting impacts.
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