Under standard accounting rules, the value of digital assets such as cryptocurrencies must be recorded at their cost and then only adjusted if their value is impaired, or goes down. But if the price rises, that does not get reflected until an asset is sold. Source link … [Read more...] about SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings
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MicroStrategy’s Saylor Lays Out Ways Firm Could Generate Yield From Its Massive Bitcoin Holdings
BusinessThe CEO discussed several ways the software company could produce income from the 122,478 bitcoin on its balance sheet. By Michael BellusciDec 17, 2021 at 7:43 p.m. UTCUpdated Dec 17, 2021 at 7:56 p.m. UTCMicroStrategy CEO Michael Saylor (Joe Raedle/Getty Images) Source link … [Read more...] about MicroStrategy’s Saylor Lays Out Ways Firm Could Generate Yield From Its Massive Bitcoin Holdings
HSBC reportedly blacklists MicroStrategy’s stock for investing in Bitcoin
Buying MicroStrategy stock is reportedly no longer possible for HSBC customers on the bank’s online trading platform — HSBC InvestDirect, or HIDC.According to a supposed message from the bank to its customers, HSBC has directed users that already own MicroStrategy stock not to buy additional shares.Twitter user Camiam claimed to have received such a message from the banking … [Read more...] about HSBC reportedly blacklists MicroStrategy’s stock for investing in Bitcoin