MicroStrategy founder: FASB will adopt Bitcoin fair value accounting

According to TechFlow news, Michael Saylor, the founder of MicroStrategy, tweeted that the Financial Accounting Standards Board (FASB) in the United States will officially adopt bitcoin fair value accounting for fiscal years beginning after December 15, 2024. The upgrade of accounting standards will promote global enterprises to adopt bitcoin as a reserve asset.Previous news stated that the United States will introduce the first cryptocurrency accounting rules, allowing cryptocurrency companies and any other companies holding bitcoin or ethereum to record their holdings at fair value, with changes in fair value included in net income.