🚀 Good news for companies that own cryptocurrencies! The US Financial Accounting Standards Board (FASB) approved new rules for accounting for crypto assets, which will allow companies to report the fair value of their holdings on their balance sheets.

🌟 This is especially beneficial for companies like MicroStrategy, which will be able to report their digital asset holdings quarterly without having to realize impairment losses.

📈 Since beginning to accumulate Bitcoin in August 2020, MicroStrategy has accumulated $2.23 billion in cumulative impairment losses.

📊 Under the new rules, which will take effect in 2025, companies that hold crypto will be able to report those holdings at fair value, allowing their quarterly reports to reflect the current values ​​of the assets, including price rallies.

🤔 What do you think of these changes in accounting rules? Do you think this will drive Bitcoin adoption by more companies? Comment below!