The U.S. Financial Accounting Standards Board (FASB), which provides guidelines for how businesses should show their assets on financial statements, released an update on Wednesday. This update allows companies to account for changes in the value of their cryptocurrency holdings. This change will be beneficial for companies like MicroStrategy (MSTR) that have cryptocurrency on their balance sheets. Currently, according to the existing rules, businesses must report a loss if the value of the cryptocurrency they own drops below the purchase price, even if they haven’t sold the cryptocurrency. With the new rules, companies will need to disclose the fair value, the initial cost, and the types of assets they are holding. Stakeholders providing feedback to FASB expressed concerns that the