The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
MicroStrategy intends to offer up to $750 million worth of stock, potentially for the purpose of acquiring BTC. The announcement triggered an increase in the price of Bitcoin.
Shares of Coinbase, which was selected as the preferred platform for surveillance-sharing agreements in ETF applications, surged above $80 at approximately 11:30 ET on Monday.
The Lightning Address protocol enables bitcoin transactions to be sent over the Lightning Network using a wallet identifier that looks like a traditional email address.
The current value of the company's bitcoin holdings is approximately $4 billion, with a total of 140,000 bitcoins held.
MicroStrategy must buy the dip because its reserve of roughly 129,699 BTC is currently experiencing an aggregate value loss of more than $1 billion.
Michael Saylor revealed that MicroStrategy is developing an in-house Lightning Network solution that will serve over 10 million customers.
The chairman said that the company is coming up with ways for big businesses to join the Lightning network.
Michael Saylor of MicroStrategy is said to have cheated the system. This doesn't mean that he will lose his bitcoin.
Andrew Kang discussed MicroStrategy's bitcoin strategy with The Wall Street Journal on Wednesday.