The SEC Objects To MicroStrategy Accurately Valuing Their Multibillion-Dollar Bitcoin Stash

The SEC Objects To MicroStrategy Accurately Valuing Their Multibillion-Dollar Bitcoin Stash

Since 2020, MicroStrategy has begun investing in bitcoin as a component of its capital allocation plan. Over 120,000 BTC are held by the firm. In the absence of its FASB’s crypto-specific regulations, the American Institute of CPAs (AICPA) organized a working committee in 2020 to develop a Practitioner’s Guide to…
Click here to read more

Source: The Coin Republic
Posted: 34 minutes ago