Bitcoin on the Balance Sheet?

Posted on February 28, 2021 by Florian Buschek

Since a few companies have now Bitcoin on their balance sheets and one particular individuum with criminal background has decided to lever his company up to buy an ultra volatile asset (if that sounds bad, well…) here are two good sources on the accounting treatment.

It is completely un-intuitive and depending on GAAP or IFRS it is held either at cost or the lowest price it has traded since buying. It might be different though for pure transaction type businesses. It is just complicated for payments. Square for example recognized the bitcoin transaction volume as revenue.

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