Musk’s next disruption: accounting for crypto. $808bn #Tesla has put $1.5bn into #bitcoin. Cryptoc

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Musk’s next disruption: accounting for crypto. $808bn #Tesla has put $1.5bn into #bitcoin. Cryptocurrency surged to record, but Tesla won’t mark up gain. Has to account for its bitcoin as indefinite-lived intangible assets. They are never written up again h/t Holger Zschaepitz

Musk’s next disruption: accounting for crypto. $808bn #Tesla has put $1.5bn into #bitcoin. Cryptoc

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