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Right before he could reach the telephone, a few a lot more texts came through. He understood who It might be: his boss, Thorsten Konig, the CEO of Ivory Tower, the world’s major on the net education platform.
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“If our shareholders need to guess on crypto, they could do it instantly,” Paul explained. “After we filed our S-1 for your IPO, we didn’t say everything a few Bitcoin treasury.”
7 We have now so much cash in reserves. Why wouldn’t we set a few of it into assets that create superior returns we could put money into the company? We could get appreciation as many as 10 times what we’d normally see. We’ll support propel Bitcoin ahead and democratize the motion of cash, equally as we’re democratizing schooling. We have to try this!”
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“Concur,” Shira reported. “There’s no GAAP guidance on how to account for these items but.six But the AICPA states Bitcoin isn’t thought of money or a hard cash equivalent, inventory, or even a fiscal instrument, so it needs to be taken care of like an intangible asset, meaning that if its value falls, we should mark it down on our equilibrium sheet.
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