Comments on: Cryptocurrency Accounting: Why Net Income and the P / E Multiple Have Become Even More Useless https://mergersandinquisitions.com/cryptocurrency-accounting/ Discover How to Get Into Investment Banking Wed, 07 Dec 2022 23:30:10 +0000 hourly 1 https://wordpress.org/?v=6.2.2 By: M&I - Brian https://mergersandinquisitions.com/cryptocurrency-accounting/#comment-756907 Wed, 10 Aug 2022 19:03:35 +0000 https://www.mergersandinquisitions.com/?p=31584#comment-756907 In reply to Denis.

I believe the crypto assets should be classified in the same way as discussed here, but companies may count them as “intangibles” to avoid the need to use mark-to-market accounting. Buying mining equipment with USD converted into Bitcoin is the same as any other type of CapEx.

]]> By: Denis https://mergersandinquisitions.com/cryptocurrency-accounting/#comment-755780 Sun, 07 Aug 2022 06:12:39 +0000 https://www.mergersandinquisitions.com/?p=31584#comment-755780 Bryan,

great article.
What are your thought on a crypto mining company that mines crypto but does not provide any other “bank-like” services?
Would the mined crypto be categorized as “financial assets” or “intangible assets”?
What about if the company converted USD into Bitcoin and bought some mining equipment with it? How would this flow?

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