Unfortunately, because bitcoin is treated as an indefinite-lived intangible asset, the company is not allowed to increase the value of the bitcoin to accurately represent the financial reality that the asset it holds is now worth more. Mark-to-market assets, in contrast, allow companies to adjust the value of an asset to reflect its value as determined by current market conditions. If bitcoin were allowed to be treated as a mark-to-market asset, companies could do this.
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- business
- coinbase
- Coindesk
- coingenius
- Consensus
- crypto conference
- crypto mining
- cryptocurrency
- decentralized
- DeFi
- Digital Assets
- machine learning
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- W3
- zephyrnet
More from Alontrus Group & CoinDesk
Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits
Source Node: 1650820
Time Stamp: Sep 1, 2022
Bitcoin Catches Market Cap of Elon Musk’s Tesla Amid ETF-Fueled Rally, but Traders Cautious Ahead of Fed Meeting
Source Node: 2354480
Time Stamp: Oct 27, 2023
Ethereum: US$319 millones en cripto de mineros salen al mercado luego de la fusión
Source Node: 1688458
Time Stamp: Sep 23, 2022
Crypto Exchange FTX’s President Brett Harrison Stepping Down
Source Node: 1697343
Time Stamp: Sep 27, 2022
Singapore’s Temasek to Exercise Caution in Crypto Space After FTX Nightmare
Source Node: 2112091
Time Stamp: May 29, 2023
Coinbase's Market Share Tumbles to Less Than 3%: Mizuho
Source Node: 1577699
Time Stamp: Jul 14, 2022
Blockchain Staking Firms Update Best Practices Amid ‘Increased Scrutiny’
Source Node: 2374724
Time Stamp: Nov 9, 2023
White Supremacists Lean On Crypto, Says Anti-Defamation League Report on Extremists
Source Node: 2440694
Time Stamp: Jan 12, 2024
First Mover Asia: Does Tesla Really Believe in Bitcoin?; Altcoins Rise in Thursday Trading
Source Node: 1586984
Time Stamp: Jul 21, 2022
Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue
Source Node: 2525110
Time Stamp: Mar 22, 2024