Letter to the FASB Supporting Fair Value Accounting of Bitcoin

MicroStrategy has issued a letter to the Financial Accounting Standards Board (the “FASB”) in response to the FASB’s 2021 “Invitation to Comment” on their future standard-setting agenda.  In its response letter, MicroStrategy urges the FASB to take action on the accounting for digital assets, such as bitcoin, and update the accounting model to reflect changes in fair value.  To learn more about the FASB’s consultation process and how to submit your own feedback, visit FASB.org. Comments to the FASB are due by September 22, 2021.

Read the letter

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MicroStrategy Bitcoin Initiative - Open Source Documents
These documents are being provided to serve as a resource to help as you navigate a corporate bitcoin strategy. As indicated in the documents, portions of the documents have been redacted due to their confidential and/or proprietary nature.

The following open-source documents are being provided to serve as a resource to help as you navigate a corporate bitcoin strategy.