The Financial Accounting Standards Board (FASB) has officially adopted new accounting rules for Bitcoin, marking a significant shift in the financial landscape for corporations. This change, effective for fiscal years beginning after Dec. 15, 2024, introduces fair value accounting for Bitcoin, aligning its treatment with other financial assets.
The recent announcement by the FASB to apply fair value accounting to Bitcoin represents a watershed moment in integrating digital assets into mainstream corporate finance. Michael Saylor, CEO of MicroStrategy, lauded this development, noting its potential to catalyze global corporations’ adoption of Bitcoin as a treasury reserve asset. This sentiment echoes the broader expectation that these changes will enhance the appeal and practicality of holding Bitcoin on corporate balance sheets.
Fred Thiel, CEO of Marathon Digital, emphasized the significance of this move, highlighting the impact of full market-to-market accounting for institutions an
We współpracy z: https://cryptoslate.com/new-fasb-rules-pave-the-way-for-bitcoin-on-corporate-balance-sheets-at-fair-value/
