.@penny_ether helped clarify the tax question. 

The new #FASB rules that would indeed allow #MSTR to capture unrealized #BTC gains or losses in their earnings, without creating a taxable event, as long as these gains remain unrealized.

Thanks for the clarification. 

The circular valuation loop remains unchanged. The addition to key indexes will increase the floor of the NAV premium, not the upside multiple. 

#Btcoin
#FASB #MSTR #BTC