MicroStrategy's Bitcoin stash remains focal point for crypto community
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However, under existing accounting rules, MicroStrategy is unable to report any increases in its Bitcoin holdings, including the nearly 67% increase in the most recent quarter. However, this could change due to a recent accounting rule that requires digital assets to be valued at market pricing. Companies have until 2025 to adopt the revision. MicroStrategy did not embrace the modification for the first quarter, instead reporting a $191.6 million digital asset impairment loss.
In 2020, MicroStrategy became the first public firm to purchase Bitcoin as a capital allocation strategy, with Saylor noting the necessity to hedge against inflation. While Saylor has earned the adoration of digital-asset advocates, no other U.S. public corporation, except Tesla and a few crypto-related firms, has elected to include Bitcoin on its financial sheet.had dropped 1.37% in the previous 24 hours to $61,536.
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