Why Public Companies Are Secretly Hoarding Bitcoin—and What It Means for Your Portfolio Right Now
Under the old standard, Bitcoin and other crypto assets could lose value, but they couldn’t have their value increased on the books if their prices went back up. Now, the value of these assets can fluctuate both up and down on balance sheets. That means companies can benefit when Bitcoin values recover after a downturn. Although the rule is only effective for fiscal years beginning after December 15, 2024, many businesses have chosen to adopt it early to take advantage of more accurate and responsive financial reporting.
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