MicroStrategy company bitcoinRequest for accounting method, It was rejected by the U.S. Securities and Exchange Commission (SEC).
With the news, MicroStrategy stock is approximately It is down 18% to $375 levels. declined.
The guide prepared by the American Institute of Certified Public Accountants states that digital assets should be classified as intangible assets. In this case yIt means that companies that are not called investment companies should register the crypto money in the system when they receive it and only revise it when its value drops. When companies register their assets or when their assets depreciate, they cannot restate the value if the price recovers.
MicroStrategy believes that if the bitcoin price drops in the system, it will lead to an undervaluation.
Starting to buy Bitcoin in September 2020 MicroStrategySince then, he has been constantly adding Bitcoin to his portfolio. He has it with his last purchase last month. 124,391 bitcoins The bitcoin average of the company holding is approx. At the level of 30 thousand dollars exists.