As Corporations Build Bitcoin Treasuries, We All Win
NVK, creator of bitcointreasuries.org, sees corporate bitcoin allocation as not just a good thing for these companies. It benefits every Bitcoiner. The post As Corporations Build Bitcoin Treasuries, We All Win appeared first on Bitcoin Magazine.
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During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms putting bitcoin on their balance sheets. However, the leading crypto asset by market valuation is not the only digital currency being held by treasuries. Ethereum has become a prominent treasury asset as a number of companies are known to hold the second leading crypto in their reserves.
Ethereum Treasuries Have Grown
According to the bitcoin treasuries list, exchange-traded funds, countries, public companies, and private firms own 1,559,047 bitcoin (BTC) worth roughly $66....
Michael Saylor’s MicroStrategy showed corporations that holding Bitcoin on their balance sheet is a viable strategy to hedge against inflation. The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive entry point to continue accumulating BTC at discount rates. 2021 was the year that institutions and corporations became major movers and shakers in the Bitcoin market. By the end of the....
BlackRock downgraded its ratings of the US Treasuries even as the government debt emerged as a haven during this week's stock market sell-off.
As June monthly production updates roll out over the next week, Core Scientific and Bitfarms have both sold nearly 50% or more of their bitcoin treasuries.
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....