JUST IN: π Bitcoin and crypto to be measured at fair value under new FASB rules β Bloomberg π
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π Blockstream launches ASIC (BASIC) Note Series 2 following a successful $5M raise in Series 1!
Series 2 aims to attract non-U.S. investors, leveraging efficient Bitcoin mining hardware ahead of the 2024 halving. π
https://www.btctimes.com/news/blockstream-unveils-basic-note-series-2-following-5-million-series-1-raise
Series 2 aims to attract non-U.S. investors, leveraging efficient Bitcoin mining hardware ahead of the 2024 halving. π
https://www.btctimes.com/news/blockstream-unveils-basic-note-series-2-following-5-million-series-1-raise
BTC Times
Blockstream Unveils Basic Note Series 2 Following $5 Million Series 1 Raise
Blockstream, a Bitcoin infrastructure company, recently announced the launch of the second series of its Bitcoin-based investment product, the Blockstream ASIC (BASIC) Note. This follows the initial series, which reportedly met with high demand from investors.β¦
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βIβm ready to get beat to death for the first one to two years.β
- Michael Saylor circa 2020
- Michael Saylor circa 2020
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Effective December 2024, the FASB's latest regulations will allow businesses to adopt fair value accounting for Bitcoin, ensuring it is valued at its fair market price! π
However, companies have the option to adopt them sooner π
https://www.btctimes.com/news/bitcoin-to-be-valued-at-fair-market-value-according-to-new-fasb-regulations
However, companies have the option to adopt them sooner π
https://www.btctimes.com/news/bitcoin-to-be-valued-at-fair-market-value-according-to-new-fasb-regulations
BTC Times
Bitcoin To Be Valued at Fair Market Value According to New FASB Regulations
The Financial Accounting Standards Board (FASB) unveiled new regulations requiring companies to value Bitcoin and cryptocurrencies at fair value. These regulations are scheduled to take effect on December 15th, 2024, although companies have the option toβ¦
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π Michael Saylor predicted one year ago 3 catalysts that will take Bitcoin to $5 million π
1. Spot ETF approval (coming soon)
2. Traditional bank custody of $BTC
3. Fair value accounting rules from FASB β
Moreover, he said he would be shocked if it takes more than 36 months π
1. Spot ETF approval (coming soon)
2. Traditional bank custody of $BTC
3. Fair value accounting rules from FASB β
Moreover, he said he would be shocked if it takes more than 36 months π
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GF: βBabe, can you please keep the #bitcoin talk to a minimum during Christmas?β
Me after one mineral water:
Me after one mineral water:
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