Why Public Companies Are Secretly Hoarding Bitcoin—and What It Means for Your Portfolio Right Now
Following a shift in federal policy under the new administration, the SEC rescinded SAB 121 immediately after taking office. The decision was positively received by many in the banking and cryptocurrency sectors, and the move paved the way for companies to begin pouring capital into Bitcoin.
- So Have FASB Accounting Rules
In another key decision catalyzing corporate investment in Bitcoin, the Financial Accounting Standards Board updated its guidance on how companies should report their crypto holdings. Rather than accounting for digital assets as intangible assets, Bitcoin holdings are now measured using their fair market value.
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