I think that the below statement from the article more clearly states what you might have been wanting to say in your last sentence.
All public companies and private companies will need to apply the new rules, with an effective date for fiscal years beginning after December 15, 2024. Earlier adoption is permitted.
Essentially public companies have to apply the new rules after December 15, 2024, but they are allowed to adopt and apply the new rules earlier.. which likely means that any public company that holds significant amounts of bitcoin may well already be wanting to apply the new rules to any reports that they make about their companies finances from here on out (because they can and because the new rule is better and more accurate in terms of showing actual value as compared with the old rule).
Spot on. I tried to summarise the sentence with a little bit of freedom, but you are right.
Wondering if Microstrategy will update their reporting standards already in the next EOY reports. Given their bitcoin stash is now in the money I wouldn't know it.
Italian companies for example, seeks to avoid showing profit because... you get taxed for it!
I have a 100 trillion dollar note (Zimbabwe dollars) of course, just to remember myself of the risk of debasing.