Does MSTR have to pick the lowest BTC price for the quarter for the GAAP accounting? or do they pick the BTC price on a certain day of the quarter, such as the last day or some day that is within a parameter such as so long as it is a day in the last week of the quarter?
They simply have to value their stash at the lowest price observed during their holding period. Each day count.
I guess it’s not lowest intraday price, but observing closing prices only.
I wanted to double mech this, so I am looking at the historic OHLC serie on Coinbase, but for the moment I can’t find this information.