Investment company accounting for crypto intangible assets
Issues in Depth | June 2026
Accounting, presentation and disclosure requirements for crypto intangible assets by investment companies
Crypto intangible assets like bitcoin and ether are accounted for by investment companies as ‘other investments’ under ASC 946-325. ASC 350-60 on crypto assets gives rise to additional presentation and disclosure considerations. Our Issues In-Depth explains.
Applicability
- Investment companies subject to ASC 946 that invest in crypto intangible assets like bitcoin, ether and solana.
Key Impacts:
Crypto asset use cases and offerings continue to evolve and proliferate but there remains only limited US GAAP that explicitly addresses the accounting for crypto assets. In this publication, we provide our perspectives on accounting for crypto intangible assets (a subset of all crypto assets) by investment companies. This publication is supplemented by our other crypto assets publications.
The issues and considerations we identify herein are not exhaustive, and our views and observations may not reflect the only acceptable ones in practice in this evolving area. Our perspectives may change as practice continues to develop, if the FASB expands or amends US GAAP on the accounting for crypto intangible assets, or if the SEC staff expresses new or changed views. We encourage investment companies to discuss their accounting for crypto intangible assets, along with other crypto assets, and their specific facts and circumstances with their auditors or other accounting advisors.
Report contents
- In a snapshot
- Types of crypto assets?
- Scope
- When you buy or otherwise acquire
- While you hold a crypto intangible asset
- When you sell or otherwise transfer
- Financial statement presentation
- Disclosures
- Effective date and transition for ASC 350-60
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