M_affirmed on Nostr: "We will adopt the new FASB Fair Accounting Rule, which will require fair value ...

"We will adopt the new FASB Fair Accounting Rule, which will require fair value treatment for bitcoin holdings when the rule takes effect in Q1 2025. As of January 1st, 2025, we will recognize a cumulative adjustment to the opening balance of our retained earnings, reflecting in large part the significant difference between the market value and carrying value of our bitcoin holdings."

From the MicroStrategy (MSTR) Q3 2024 Earnings Call Transcript https://www.fool.com/earnings/call-transcripts/2024/10/31/microstrategy-mstr-q3-2024-earnings-call-transcrip/