🚀 Big news in the crypto world! FASB has rolled out a new Accounting Standards Update, allowing companies to measure crypto assets at fair value. This change replaces the old impairment loss method, letting businesses reflect real-time gains and losses. 🌟

This update is a game-changer for Bitcoin as a treasury reserve asset, simplifying accounting processes and boosting investor confidence. Michael Saylor highlights it as a catalyst for global corporate adoption of Bitcoin. However, note that wrapped tokens like WBTC are excluded from this rule. Overall, this move is set to enhance transparency and attract more institutional interest in digital assets!