After the CAMT was put in place, the Financial Accounting Standards Board clarified that firms with digital assets on their balance sheets would be required to report their holdings mark-to-market, meaning assets' value is tied to the current market price, not the original price. This was a change firms like MicroStrategy had lobbied for, because prior to this accounting standard bitcoin was treated as an "indefinite-lived intangible asset" that would be marked with a permanent impairment loss if its price fell.