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Here’s why bitcoin on the balance sheet could be an accounting headache

Bitcoin’s volatility makes it hard for corporate officers to manage crypto holdings as cash

Elon Musk’s curious Twitter war with bitcoin is expected to hit Tesla Inc.’s bottom line this quarter.

Musk is widely blamed by investors for starting the digital currency’s most punishing slide of the year after announcing on Twitter that Tesla would stop accepting bitcoin as payment for its electric vehicles. He added fuel to the fire earlier this month, tweeting breakup memes with “#bitcoin” and a broken-heart emoji. Bitcoin has slumped 30% since the original 12 May tweet.

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