Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s (SEC‘s) accounting practices for its crypto purchases.

Bloomberg reports that the SEC published a letter of comment on Thursday. ShownMicroStrategy reported information regarding its (reporting) was rejected by the regulatorBTC) purchases based on non-Generally Accepted Accounting Principles (GAAP). A business intelligence firm was Reporting that it used these methods of calculating figures for its BTC buys, excluding the “impact of share-based compensation expense and impairment losses and gains on sale from intangible assets.” Essentially, this negates some of the effects of the volatility of the crypto market.