https://threadreaderapp.com/thread/1592228100934438913.html

I'm not clear how that is better. Taxation is sooner which reduces cash quicker.

Anyone looking at a financial statement/footnote should be able to see a liquid asset is held at an impaired value and adjust accordingly.

I doubt that it matters much, most companies pull it out of EBITDAX either way when reporting.

Is Bitcoin trying to be money or a speculation?

More like money is trying to be bitcoin....but

Accounting rules aren't the reason companies haven't adopted BTC as a viable use of excess cash. The purpose of the corporate treasury is to ensure that the business has the cash necessary for normal operations, which means the goal isn't to maximize gains but instead to preserve value so it's there when the company needs it.

Also, as previously noted, investors tend to be sophisticated enough to understand the real value of assets in spite of the balance sheet carrying value. Look at the trading correlation between MSTR and BTC for proof. If the accounting was driving investor decisions the stock would have been much less volatile.