Bitcoin

The business intelligence company, MicroStrategy Inc (NASDAQ: MSTR) has <a href="https://www.nasdaq.com/articles/microstrategy-inspires-hundreds-to-urge-fasb-to-change-bitcoin-accounting-standards-2021" rel="noopener noreferrer nofollow">responded</a> to the Financial Accounting Standards Board (FASB)’s proposed accounting standards for crypto assets. The company submitted a letter on Monday addressing the matter. In support, MSTR has backed the authority’s efforts to promote fair value accounting for Bitcoin and other cryptocurrencies.MicroStrategy has announced that it holds the largest amount of Bitcoin among public companies. In <a href="https://www.microstrategy.com/en/investor-relations/financial-documents/microstrategy-acquires-additional-1045-btc-and-now-holds-140000-btc_4-5-2023" rel="noopener noreferrer nofollow">breaking news</a>, MSTR has announced that it currently holds a staggering 140,000 Bitcoins as of March 31, 2023. This impressive amount is estimated to be worth approximately $3.78 billion as of May 22, 2023. The recent report revealed that the company had acquired BTC at an initial cost of $4.17 billion.Micheal Saylor, a BTC holder, recently tweeted about the update of Microstrategy and FASB:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5b84cdb5cde548c0891148adc77284cf.png" />Read full article at<a href="https://cryptotale.org/microstrategy-updates-bitcoin-holdings-disclosure-to-fasb-standards/" rel="noopener noreferrer nofollow"> CryptoTale</a>.

MicroStrategy Updates Bitcoin Holdings Disclosure to FASB Standards

CryptoTale

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