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.
There probably could be ways to work this kind of weird accounting to your advantage.. .. and probably smart investors are going to recognize that certain companies are undervalued merely because of both the carrying of certain kinds of assets on their balance sheets (bitcoin in this case) and the appreciation that some normies are not going to appreciate such a unlisted value
I will note that for a few days I have been maxed out on my 50 per month with you.. so I have a few of your posts building up until I get back below the 50 max... Yikes.
I almost feel like responding to your ongoing panic regarding the seeming gambling tendencies of MSTR and your ongoing desires to want to say "I told you so," and surely the fact of the matter is this is a long BTC play in which guys like you are going to look foolish with the passage of time, including only a few years down the road (if not sooner) for not recognizing and appreciating the likely low risk payoff for such a play of aggressively allocating into BTC..
You have been registered on the forum for almost as long as me, and actually came to BTC at a much better time than me in terms of being able to get in at the bottom of a trend for pretty much the whole of 2015 (except for parts in the end of 2015), and you even admitted that you do not hold very many BTC... so seems that you are having some of the same troubles in your own personal lack of BTC holdings... and likely sucks to be you that you have missed out on quite a few pretty BIG BTC upwards price moves in which you are likely not going to be able to buy BTC at such various low prices in terms of your continuing to be wrong and your likely ongoing continuing to be wrong in terms of considering that our current BTC dip that is merely about 50% from the November 9 top as if we are in a loss period.. and you are failing/refusing to recognize outloud and appreciate the facts of the matter for where we really are up 3.5x-ish from September 2020.. and also.. if we go back a wee bit further, it is pretty easily formulated that we are good 35x up... so looking at bitcoin as if it were down fails/refuses to appreciate where we are at.. how we got here and where we are likely going in the coming 4-10 years (if not sooner).
And through your ongoing comments about MSTR and seeming failure/refusal to appreciate the play(s) that it is making, you are likely ongoingly going to be failing/refusing to appropriately allocate yourself a bit more aggressively into BTC.. so let's see how your lack of aggressiveness in your mentality (and your likely lack of financial follow through) pays off for you.. and by the way, bitcoin is such an asymmetric bet, it does not take a whole hell of a lot of aggressiveness to pay of quite handsomely.,. BTC history has shown that, and our likely future - especially 4-10 years into the future (if not sooner) is going to continue to show that.
Too bad when someone involved in the forum so long (maybe distracted by meta nonsense rather than being here for actual bitcoin information) cannot seem to understand the value of ongoing aggressiveness (or would it be assertiveness?) in terms of bitcoin investing.