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coinpedia 2023-12-13 15:50:42

New Crypto Accounting Rules Bring Fair Value, Set To Boost Earnings For Tesla And MicroStrategy

The post New Crypto Accounting Rules Bring Fair Value, Set To Boost Earnings For Tesla And MicroStrategy appeared first on Coinpedia Fintech News According to FASB’s recent announcement, new crypto accounting rules are set to bring big changes to how companies like enterprise software giant MicroStrategy, electric vehicle company Tesla, and payments processor Block report their crypto holdings. FASB has mandated that companies holding Bitcoin, Ethereum, or other cryptocurrencies must now record these assets at their fair market …

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