FASB – DIGIT INFO

FASB Fair Value Standard for Crypto Goes Live

DIGIT — Tue, 17 Dec 2024 08:30:09 +0000

The new accounting update could be a boon for firms seeking bitcoin corporate treasuries. New Accounting Standard Recognizes Crypto Gains An accounting standard that addresses the fair value of crypto assets went into effect yesterday and may have a positive impact on companies seeking to establish bitcoin (BTC) treasuries by allowing firms to report both […]

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More firms set to add Bitcoin to balance sheets after major rule change

DIGIT — Thu, 14 Dec 2023 03:27:29 +0000

The rules allow crypto-holding companies to now report their paper gains, not just losses, which industry observers say could give more firms confidence to buy.

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MicroStrategy CEO reiterates ‘long term’ Bitcoin play in Q3 earnings

DIGIT — Wed, 02 Nov 2022 04:38:39 +0000

The world’s largest corporate holder of Bitcoin has reduced its losses compared to previous earnings as its CEO says it will continue to buy and hold Bitcoin long term.

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FASB guidelines could ‘smooth the way’ for broader crypto adoption

DIGIT — Fri, 14 Oct 2022 02:50:12 +0000

Another step has been taken on the path to use fair-value accounting for the reporting of crypto assets in the United States.

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Michael Saylor welcomes FASB vote to review crypto accounting standards

DIGIT — Thu, 12 May 2022 01:38:57 +0000

The FASB is set to review its accounting rules for digital assets, which could see firms no longer be required to report crypto such as BTC as “intangible assets” on their balance sheets.

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