SEC rejects MicroStrategy’s Bitcoin accounting practices: report

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SEC rejects MicroStrategy’s Bitcoin accounting practices: report


The business intelligence firm has reported it used non-GAAP methods of calculating figures for its BTC buys excluding the “impact of share-based compensation expense and impairment losses and gains on sale from intangible assets.”

Posted by Cointelegraph By Turner Wright on January 21, 2022 @ https://cointelegraph.com/news/sec-rejects-microstrategy-s-bitcoin-accounting-practices-report

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