U.s. Sec Rejects Microstrategy’s Bitcoin Accounting Strategy

U.s. Sec Rejects Microstrategy’s Bitcoin Accounting Strategy.

Jan 21, 2022The SEC reportedly said MicroStrategy should “remove this adjustment in future filings.”. The report came as shares of MicroStrategy fell more than 17.8% in the last 24 hours to reach a six

Jan 31, 2022MicroStrategy has been purchasing bitcoin since 2020 as a part of its capital allocation strategy. The company holds over 120,000 BTC as of the end of December 2021. As a U.S. public company


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Jan 21, 2022Read more: MicroStrategy’s Saylor Lays Out Ways Firm Could Generate Yield From Its Massive Bitcoin Holdings UPDATE (Jan. 21, 21:44 UTC): Updated to remove ‘report’ from headline. UPDATE (Jan. 21
Jan 27, 2022Michael Saylor’s MicroStrategy (NASDAQ: MSTR) made world headlines in 2020 when it announced it was converting its entire corporate treasury into BTC. The firm initially purchased over $250 million worth of BTC and has since raised billions in debt to purchase more BTC coins. MicroStrategy’s CEO, Michael Saylor, has bought into the

Jan 23, 2022According to comment letters provided by the US Securities and Exchange Commission, Michael Saylor’s MicroStrategy won’t be able to eliminate swings in the value of its massive bitcoin holdings from its unofficial accounting standards. MicroStrategy applied non-GAAP criteria, or measurements that do not adhere to the US generally accepted accounting principles, to indicate how much money it


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Jan 27, 2022Michael Saylor’s MicroStrategy (NASDAQ: MSTR) made world headlines in 2020 when it announced it was converting its entire corporate treasury into BTC. The firm initially purchased over $250 million worth of BTC and has since raised billions in debt to purchase more BTC coins. MicroStrategy’s CEO, Michael Saylor, has bought into the
Jan 21, 2022Michael Saylor’s MicroStrategy won’t be able to remove swings in the value of its enormous bitcoin holdings from its unofficial accounting measures, according to comment letters released by

U.s. Sec Rejects Microstrategy’s Bitcoin Accounting Strategy

Jan 23, 2022According to comment letters provided by the US Securities and Exchange Commission, Michael Saylor’s MicroStrategy won’t be able to eliminate swings in the value of its massive bitcoin holdings from its unofficial accounting standards. MicroStrategy applied non-GAAP criteria, or measurements that do not adhere to the US generally accepted accounting principles, to indicate how much money it
Jan 24, 2022The SEC disagreed. In a letter dated December 3, the market regulator told MicroStrategy it objected to the adjustment and told the company to remove it from future filings. In its December 16 response, MicroStrategy said it would comply. MicroStrategy has been a vocal advocate of changing the current cryptocurrency accounting rules.

Jan 21, 2022Michael Saylor’s MicroStrategy won’t be able to remove swings in the value of its enormous bitcoin holdings from its unofficial accounting measures, according to comment letters released by
Jan 21, 2022Michael Saylor’s MicroStrategy won’t be able to remove swings in the value of its enormous bitcoin holdings from its unofficial accounting measures, according to comment letters released by
Jan 21, 2022Think MicroStrategy, the Bitcoin -hoarding software company, did well in 2021 as the price of BTC went from $29,000 to as high as $68,000? Not on paper. And not on the stock market today either as its share prices hit their lowest level since December 2020. The U.S. Securities and Exchange Commission (SEC) nixed the company’s accounting method
Jan 21, 2022Bitcoin also tumbled, and was down more than 7% around 4:15 p.m. in New York. The enterprise software maker, which said in 2020 that buying and holding Bitcoin was one of its key business strategies, used non-GAAP measures in its Form 10-Q for the quarter that ended Sept. 30, 2021 to show investors what its income would have been if it didn’t
Jan 25, 2022Image courtesy of TradingView. Due to other costs involved in running a business intelligence company, MSTR took an even greater hit than BTC, going into a negative 11% more than Bitcoin’s -29% month-long underperformance. The last time MicroStrategy bought Bitcoin was on December 30, 2021. Precisely, 1,914 bitcoins at $49,229 per BTC.
Jan 23, 2022According to comment letters provided by the US Securities and Exchange Commission, Michael Saylor’s MicroStrategy won’t be able to eliminate swings in the value of its massive bitcoin holdings from its unofficial accounting standards. MicroStrategy applied non-GAAP criteria, or measurements that do not adhere to the US generally accepted accounting principles, to indicate how much money it
Jan 24, 2022The SEC disagreed. In a letter dated December 3, the market regulator told MicroStrategy it objected to the adjustment and told the company to remove it from future filings. In its December 16 response, MicroStrategy said it would comply. MicroStrategy has been a vocal advocate of changing the current cryptocurrency accounting rules.

Jan 31, 2022MicroStrategy has been purchasing bitcoin since 2020 as a part of its capital allocation strategy. The company holds over 120,000 BTC as of the end of December 2021. As a U.S. public company
Jan 25, 2022Image courtesy of TradingView. Due to other costs involved in running a business intelligence company, MSTR took an even greater hit than BTC, going into a negative 11% more than Bitcoin’s -29% month-long underperformance. The last time MicroStrategy bought Bitcoin was on December 30, 2021. Precisely, 1,914 bitcoins at $49,229 per BTC.

U.s. Sec Rejects Microstrategy’s Bitcoin Accounting Strategy.

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