FASB Accounting Rule Changes to Benefit Corporations Holding Digital Assets, According to Report
A recent report impliesย that changes to the accounting regulations by the Financial Accounting Standards Board (FASB) will be advantageous for corporations holding digital assets. These changes intendย to address the negative impressions caused by impairment losses.
The report outlines that the FASB plansย to implement the new regulations by 2025, but corporations will have the choice to adopt them earlier. It inย particularย mentions that MicroStrategy, a prominent player in the digital asset space, intendsย to exercise this option.
Berenberg, a German bank, has expressed a positive outlook on MicroStrategy, assigning it a buy rating and setting a price target of $510. On Thursday, the stock closed at $353.07.
Furthermore, Stifel, a Unitedย States investment bank, impliesย that American corporations may become more open to holding digital assets on their balance sheets, particularly during profitable market periods, due to the positive impact on their financial performance.
Hot Take: FASB Rule Changes Boost Confidence in Corporations Holding Digital Assets
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