​Michael Saylor's company, Strategy (formerly MicroStrategy), is preparing to announce an unrealized $5.9 billion loss for the first quarter of 2025. This comes after Strategy incorporated the fair-value accounting system from the Financial Accounting Standard Board (FASB) when it was released on Dec 16, 2024. As per the FASB's accounting standards, digital assets are valued at their market price. Prior to implementing the fair value accounting system, Strategy classified its large Bitcoin holdings as intangible assets. This meant that they would only require impairments in the case of price depreciations and would ... (full story)