1/ The FASB has changed the accounting standards relating to Bitcoin and other crypto-assets. This is a big move that could bring a different form of buyer into the market.
1/ The FASB has changed the accounting standards relating to Bitcoin and other crypto-assets. This is a big move that could bring a different form of buyer into the market.
2/ Under the old standards, a company would have to value the crypto at the low price for the quarter. Any change was recognized as a loss. A gain was only realized at the time of sale.
3/ This is now removed and proper valuation at the end of the quarter is the standard. It means that price appreciation is to be shown as a gain in net income, just like with any other asset.
4/ This was done in an effort to show proper valuation of the company. It also removes a hindrance that might have stopped some CFOs from signing off on acquiring crypto for their treasuries.
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