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The Corporate Perception of Bitcoin
This chapter analyzes the implications of fair value accounting on Tesla's financial performance linked to its Bitcoin holdings, and explores how MicroStrategy's Bitcoin strategy is perceived by Wall Street. It discusses the challenges companies face in adopting Bitcoin as a serious asset amidst skepticism, while emphasizing the need for credible corporate participation to shift mainstream narratives. Additionally, the chapter delves into the broader institutional recognition of Bitcoin as a legitimate asset class and the evolving landscape of corporate Bitcoin treasuries.