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IPFS News Link • Bitcoin

More Firms Set To Add Bitcoin To Balance Sheets After Major Accounting Rule Change

• Cointelegraph

Bitcoin and crypto may soon see another mass wave of adoption by United States-based firms after a new accounting rule change that lets companies more accurately reflect the value of their crypto holdings. 

Cory Klippsten, the CEO of Bitcoin-only exchange Swan Bitcoin, told Cointelegraph that Bitcoin-holding companies like MicroStrategy and Tesla, which both had to report impairment on their holdings, "can now more accurately reflect their Bitcoin investments' true value."

"This change is crucial for a broad range of companies, not just those primarily focused on Bitcoin, encouraging more mainstream corporate adoption."


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