Bitcoin Corporate Balance Sheet Watch Monthly Update: February
Throughout February, corporations announced massive bitcoin buys in a series of increasingly bullish speculative attacks on the dollar.What started out as a slow trickle of institutional investment pouring into the bitcoin market is developing into a steady stream that will, in time, turn into an all out flood. Let the game theory commence! Prior to 2020, institutional and corporate interest in bitcoin was rather inconsequential. Though it started as a grassroots phenomenon, led mostly by “retail'' for the first 11 years of its history, the rubicon was definitely crossed for bitcoin in....
Related News
CEO Michael Saylor struck a defiant tone during a Q2 investor call, pledging to add more Bitcoin to its balance sheet while continuing to advocate for the cryptocurrency.
MicroStrategy’s approach has got the Association of Corporate Treasurers and IKEA thinking.
On Tuesday, the Nasdaq-listed Canadian company Mogo revealed the firm has purchased 146 ether at an average price of $2,780. The move follows the firm’s corporate investment in bitcoin, as well as offering bitcoin rewards for the company’s mortgage and card clients. The company plans to keep 5% of its balance sheet assets in digital currencies. After Adding Bitcoin to the Balance Sheet, Mogo Stacks Ether The Vancouver-based Mogo (Nasdaq:MOGO), a fintech firm that provides various financial services has announced the corporate purchase of ethereum (ETH). The ethereum investment....
PSV received bitcoin through a sponsorship deal in August and confirmed they self-custody it on their balance sheet.
Tesla adding Bitcoin to its corporate treasury back in February was considered an inflection point for the cryptocurrency. A major corporation adopting BTC into its balance sheet seemed like a sign that the BTC has gone mainstream. CEO and “Technoking of Tesla” Elon Musk was apparently convinced by MicroStrategy’s CEO Michael Saylor to follow a […]