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27 sats \ 1 reply \ @elysia 13 Dec 2023 \ on: Bitcoin to be recorded at fair value under new FASB rules issued today bitcoin
What does this mean for an individual hodling 1 Bitcoin, for example?
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21 sats \ 0 replies \ @IgnaciobTato OP 13 Dec 2023
It helps more to Companies but also to individual holders that had declared their bitcoins.
https://twitter.com/saylor/status/1734962747740152007 FASB has officially adopted Fair Value Accounting for #Bitcoin for fiscal years beginning after Dec 15, 2024. This upgrade to accounting standards will facilitate the adoption of $BTC as a treasury reserve asset by corporations worldwide.
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