MicroStrategy submits letter to FASB voicing support for fair value accounting for crypto assets
MicroStrategy Incorporated (“we” or “the Company”) appreciates the Financial Accounting Standards Board’s (“FASB”) openness and dedication to ensuring U.S. generally accepted accounting principles keep pace with technological and financial developments, including the evolving role of crypto assets in the broader global financial system. Specifically, we appreciate the rigorous process the FASB is undertaking to review the Proposed Accounting Standards Update for crypto assets, and we submitted a letter containing our comments and feedback to FASB’s exposure draft ASU, voicing our support for fair value accounting for certain crypto assets including Bitcoin.
If you agree with our feedback, you can voice support via this FASB survey by June 6, 2023. https://www.fafsurveys.org/se/4CA36E922648D7BC
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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.
