Biotech Company Converting Balance Sheet To Hodl Bitcoin
Texas Biotech Company Spinesmith Holdings Will Convert Their Balance Sheet To Bitcoin For Long Term Holding To Avoid The Overreach Of Banks.A small Texas biotech company, Spinesmith Holdings, which generates over $15 million in annual revenue, will convert their balance sheet to Bitcoin for long term holding to avoid the overreach of banks. Specifically, the company doesn’t want to have to ask permission from the bank to embark on projects with their own funds, a spokesman told Bitcoin Magazine. When asked why the company didn’t want to use banks, CEO Kevin Dunworth commented that....
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Digital assets or the widely known as Bitcoin has gained immense popularity, a lot of companies have started to incorporate cryptocurrencies into their ecosystem. After MicroStrategy, Octagon Networks reportedly converted their whole balance sheet to Bitcoin. Octagon Networks is a cybersecurity company which operates out of Addis Ababa and San Francisco. The company mentioned that […]