The only possible adjustment is downward, but the price shoots, there is no way to impact positively the valuation until there is a sell.
And as Micheal Saylor told us they are never going to sell his bitcoin, the benefit will be.. never registered on the balance sheets.
I don't understand what you said in the above statement, and one reason for my confusion is that what Michael Saylor says about what he's going to do with anything MSTR owns (bitcoin included) has nothing to do with accounting principles. The only thing that matters is whether any bitcoin is sold and profits/losses are realized, i.e., what MSTR
does and not what it or Saylor
says.
And if mark-to-market accounting has to be used, it doesn't even matter if bitcoin is sold or not. It'll be treated as an appreciating or depreciating asset based on what the market dictates.
normies
Can you define that term in the context of this discussion? I'm really curious.
As far as I could see, I had only used the term "normie" in the context of my comment on the accounting, so in that regard, I am suggesting that more sophisticated persons are going to likely recognize that an asset such as BTC is marked way down.. and then perpetually stuck in such marked down status, but regular people are not likely going to understand that.. I was referring to normies as regular people who are less sophisticated, and I supposed if you are reading a 10k or any kind of prospectus, you might already be outside of the category of "normie," perhaps?
I though that you would be more concerned about my comment that was more directed at you, and I see that I started out the post without really having much of an intent to say very much, but then I could not really stop myself once I got going..;. so I will admit that I said quite a bit more than I had originally intended to say.. ... and gosh I suppose in these kinds of considerable correction times, there can be a lot of concern about when the correction is going to stop... not saying that I have any kind of answer to that.. even though for sure, many of us deal with the situation differently in terms of buying, holding or selling.