The Financial Accounting Standards Board obtained lots of of letters impressed by MicroStrategy that urge U.S. accounting requirements be reconsidered to accommodate corporations that maintain Bitcoin, Bloomberg reported.
MicroStrategy recently wrote to the Financial Accounting Standards Board (FASB), “This disconnect between an entity’s financial statements and the economic reality of its financial condition and results of operations creates confusion and fails to provide investors, analysts, and the general public with the information they need to make an informed assessment of an entity’s current and future prospects.”
