Corporate Treasuries Are Figuring Out Bitcoin on the Balance Sheet
MicroStrategy’s approach has got the Association of Corporate Treasurers and IKEA thinking.
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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.
304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there are 59 companies, a few countries, and exchange-traded funds (ETFs) with 1,499,493 bitcoin held in treasuries. Private and Public Companies, ETFs, and Countries — Treasuries List Highlights 59 Firms With Bitcoin on Their Balance Sheets Over the last 12 months, a great number of companies have disclosed that they have added bitcoin (BTC) to the firm’s balance sheet and even countries like El Salvador....
During the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months of 2022, the number of bitcoin stored in these types of treasuries dropped by 57,481 bitcoin, worth around $1.1 billion using today’s exchange rates.
$1.1 Billion Worth of Bitcoin Has Been Removed From the Treasuries List
On October 17, 2022, 65 companies, ETPs, and countries hold bitcoin (BTC) on their balance sheet. The data stems from the bitcoin treasuries list, which....
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.