yes, it was really crazy. 

Imagine going in for a loan at the bank and their approach is to say: ".....ok for collateral assets we show you bought a Manhattan apartment in 1952 for $35,000....so we can only loan you based on that....."

I understand the "theory" of intangible assets rule is because of very non-liquid assets like "rights to a logo we purchased". But unironically BTC is *more* liquid then nearly any other stock that FASB accounting covers.....

freetx

It's a huge improvement. Under the old intangible asset rule, companies could not reflect appreciation, but had to reflect losses after date of purchase as an impairment charge.

bitcoin

Jan 1 FASB Bitcoin Accounting Rule: Implications for MSTR, etc going forward...

It's a huge improvement. Under the old intangible asset rule, companies could not reflect appreciation, but had to reflect losses after date of purchase as an impairment charge. 