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SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings

January 21, 2022 Michael Bellusci
SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings



Under standard accounting rules, the value of digital assets such as cryptocurrencies must be recorded at their cost and then only adjusted if their value is impaired, or goes down. But if the price rises, that does not get reflected until an asset is sold.



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