Watch what the impact will be on MSTR at their next quarter report if Bitcoin does not recover soon. It was be seismic.
Under accounting rules, the fair value of asetts must be recognised. What was profit before may now be completely reversed. All in one quarterly report.
This is the reason why MSTI and SP100 are relooking at what companies listed are allowed to carry as asetts in order to stay listed. Companies whose assets are too much weighted in cryptocurrencies may be excluded from listing.
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