By Nicola M. White
Companies like Tesla Inc., MicroStrategy Inc., and Coinbase Global Inc. would get to report their Bitcoin stashes at fair value—an accounting method that captures the cryptocurrency’s highs and lows based on the current market—under a proposal rolled out Wednesday by US accounting rulemakers.
Fair value measurement every quarter would reflect the value of cryptocurrency holdings more accurately than does the current accounting, which only allows for permanent markdowns when the prices of the volatile assets drop, a unanimous Financial Accounting Standards Board said.
“The only way to get any kind of real information on the holding of Bitcoin or Ethereum …
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