According to comment letters provided by the US Securities and Exchange Commission, Michael Saylor's MicroStrategy won't be able to eliminate swings in the value of its massive bitcoin holdings from its unofficial accounting standards.
SEC rejects MicroStrategy's Bitcoin accounting practices
…
SEC rejects MicroStrategy's Bitcoin accounting practices
According to comment letters provided by the US Securities and Exchange Commission, Michael Saylor's MicroStrategy won't be able to eliminate swings in the value of its massive bitcoin holdings from its unofficial accounting standards.