Kryptodata

  • Market Cap: $3,887,809,718,388.05
  • 24h Vol: $416,353,725,018.77
  • BTC Dominance: 51.83%

Domän och hemsidan är till salu. Mejla kontakt@kryptodata.se vid intresse.

Analyst: FASB regulations remove concerns that discouraged companies from engaging in cryptocurrency

Analyst: FASB regulations remove concerns that discouraged companies from engaging in cryptocurrency

According to analysts from Berenberg Capital, the new rules for crypto accounting issued by the United States Financial Accounting Standards Board (FASB) will help companies like MicroStrategy eliminate the negative perception created by impairment losses. The FASB approved the rules on September 6, which require companies to report the fair value of their crypto holdings on their balance sheets. Berenberg’s senior equity research analyst, Mark Palmer, stated that this change will benefit companies like MicroStrategy, as they will no longer have to realize impairment losses and can report their digital asset holdings each quarter. Currently, MicroStrategy has accumulated $2.23 billion in impairment losses since it started accumulating Bitcoin in August 2020. The negative news coverage of the company’s quarterly reports, which included significant impairment losses, gave the impression that the company’s value had been negatively impacted. Under the new rules, companies can report their crypto holdings at fair value, reflecting the current values of the assets. This change is expected to be a positive catalyst for Bitcoin’s price and spur adoption by tech companies.

Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.