šDeFi & Web 3 fans, rejoice! š US companies may soon be more willing to buy #Bitcoin & other cryptos, thanks to a change in accounting rules. š¼š The Financial Accounting Standards Board (FASB) is allowing fair-value accounting for digital assets, meaning gains & losses can be shown immediately on income statements. š
š¤Think this will boost corporate adoption of #BTC? š Or will CEOs remain risk-averse? š¢ Share your thoughts in the comments! š£ļø
š Fun fact: MicroStrategy's 152,300 BTC were valued at $2.3 billion less than their fair market value at the end of Q2. š² Will this rule change help close the gap? š
š FASB is expected to approve the final language later this year, with companies required to switch over by 2025. š Let the crypto countdown begin! ā³
