Perhaps the only thing more impressive than buying 1 million bitcoins is using your gold reserve to stock your bitcoin reserve. This article discusses and compares two general ways of structuring a real estate transaction in the US involving Bitcoin as a payment method.So, when you buy Bitcoin or Ether, you should add it to your balance sheet at its fair market value on the date you bought it. To buy cryptocurrencies you have to do it in an "exchange". Investing in crypto can be lucrative. Use our cryptocurrency purchase agreement to outline your contract with a crypto broker and simplify the process. Accounting for crypto assets is a challenge for modern businesses. Here we discuss the best practices and answer commonly asked questions. On December 13, 2023, the FASB issued ASU 202308,1 which addresses the accounting and disclosure requirements for certain crypto assets. The easiest way to buy anything with Bitcoin is with a crypto debit card.