On January 22nd, MicroStrategy's bookkeeping method is not the traditional GAAP (American General Accounting Standards) bitcoin bookkeeping method. SEC rejected MicroStrategy's Non-GAAP accounting method and asked the latter to delete this adjustment method in future documents. MicroStrategy has been pushing to update GAAP to consider encrypted assets such as Bitcoin for a long time, and sent a letter to the Financial Accounting Standards Board (FASB) on this matter last fall. The c...