Earlier this week on Wednesday, April 24, Benchmark published an investment note stating that if MicroStrategy adopts the new accounting rules, it would bring a massive impact on the MSTR share price. Well, it also means that MicroStrategy would then qualify for its inclusion in the S&P 500 index.
MicroStrategy Inclusion Into S&P 500
Benchmark noted that MicroStrategy currently utilizes the existing FASB rule ASC 350, resulting in adverse effects on the firm’s unadjusted earnings during quarters when the value of its bitcoin holdings decreases.
According to Benchmark’s research note, several dozen companies holding Bitcoin have opted for the early adoption of the new ASU 2023-08 guidance. To be considered for inclusion in the S&P 500 by the index committee, a company must report positive earnings in its most recent quarter. However, the latest reports suggest that MicroStrategy could be reporting losses during Q1 2024.
Benchmark highli
We współpracy z: https://coingape.com/microstrategy-just-one-earnings-away-from-sp-500-inclusion-50-mstr-price-rally-ahead/
