Berenberg Claims MicroStrategys Significant Bitcoin Losses Create Misleading Perception

Berenberg Claims MicroStrategys Significant Bitcoin Losses Create Misleading Perception

FASB Accounting Rule Changes to Benefit Corporations Holding Digital Assets, According to Report

A recent report implies that changes to the accounting regulations by the Financial Accounting Standards Board (FASB) will be advantageous for corporations holding digital assets. These changes intend to address the negative impressions caused by impairment losses.

The report outlines that the FASB plans to implement the new regulations by 2025, but corporations will have the choice to adopt them earlier. It in particular  mentions that MicroStrategy, a prominent player in the digital asset space, intends 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.

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Furthermore, Stifel, a United States investment bank, implies 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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Cora Skindell is a standout figure in the world of cryptocurrency analysis, research, and editorial expertise. As a seasoned crypto analyst and researcher, Cora’s insights delve deep into the complexities of digital assets, resonating with a diverse audience. Her ability to dissect intricate crypto concepts is complemented by her adept editorial skills, enabling her to distill complex information into easily understandable content.

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