FASB Officially Adopts Fair Value Accounting Rules for Bitcoin Starting December 2024
- "The amendments in the ASU are effective for all entities for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years."
- "This upgrade to accounting standards will facilitate the adoption of BTC as a treasury reserve asset by corporations worldwide," said MicroStrategy's Michael Saylor.
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FASB Officially Adopts Fair Value Accounting Rules for Bitcoin Starting December 2024
"FASB has officially adopted Fair Value Accounting for Bitcoin for fiscal years beginning after December 15, 2024. This upgrade to accounting stand...
