FASB Officially Adopts Fair Value Accounting Rules for Bitcoin Starting December 2024

- "The amendments in the ASU are effective for all entities for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years."
- "This upgrade to accounting standards will facilitate the adoption of BTC as a treasury reserve asset by corporations worldwide," said MicroStrategy's Michael Saylor.

https://www.nobsbitcoin.com/fasb-bitcoin-fair-value-accounting/