FASB (Financial Accounting Standards Board) recently changed its accounting rules for Bitcoin (BTC), which has major implications for companies holding BTC, like MicroStrategy (MSTR).
Old FASB Rules ...
Fascinating. Regardless of right or wrong, being able to account for balance sheet growth as earnings is a big change
So re my point of competition. No one can match the MSTR btc stack, so their earnings growth will be the biggest, meaning their equity price will be more volatile to the upside than others. Ie even if you setup a BTC treasury now, as a fund or equity, your earnings growth can never match MSTR
Interesting
Thank you for sharing
So re my point of competition. No one can match the MSTR btc stack, so their earnings growth will be the biggest, meaning their equity price will be more volatile to the upside than others. Ie even if you setup a BTC treasury now, as a fund or equity, your earnings growth can never match MSTR
Interesting
Thank you for sharing