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Strategy sits on up to $15.8B Q2 Bitcoin gains with sights on S&P 500 listing

Strategy sits on up to $15.8B Q2 Bitcoin gains with sights on S&P 500 listing

Strategy (formerly MicroStrategy) expects to book $15.8 billion this quarter when it marks its Bitcoin treasury to market under Accounting Standards Update 2023-08. Per KPMG, the rule forces companies to carry crypto at fair value and run the change through n…

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