1. Which do you think reflects the true performance of MicroStrategy in Q4 2020: the GAAP operating income of $390,000 or the non-GAAP income of $30.1 million? What drives these huge differences in reported income?\ \ 2. Why do you think MicroStrategy started to invest in Bitcoin? What are the benefits and risks associated with this new strategy? As an investor, how do you assess MicroStrategy's strategic shift to become a software vendor and buyer of Bitcoin?\ \ 3. Do you think the accounting for cryptocurrencies as intangible assets accurately reflects the economic reality of MicroStrategy? Why or why not?\ \ 4. Does the FASB decision to change the accounting standard to fair value accounting provide a better representation of cryptocurrencies? Why? What issues arise with this methodology?