SFLMaven To Accept Bitcoin As Payment, Add BTC To Balance Sheet

SFLMaven To Accept Bitcoin As Payment, Add BTC To Balance Sheet

Luxury jewelry reseller SFLMaven announced they plan to accept bitcoin as payment and have added BTC as a line item on their balance sheet.SFLMaven, a premier distributor of luxury goods, has announced a balance sheet allocation to bitcoin and intention to accept BTC as payment. The company started purchases of BTC, noting they added a line item for it on the balance sheet and will continue “periodic investments.”SFLMaven said record breaking cash flows and increased web traffic through 2022 allowed them to strengthen diversification in bitcoin. SFLMaven, a premier provider of luxury....


Related News

Dutch Football Club PSV Holds Bitcoin On Its Balance Sheet

PSV received bitcoin through a sponsorship deal in August and confirmed they self-custody it on their balance sheet.

MicroStrategy Pledges to Add More Bitcoin to Corporate Balance Sheet

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.

Softbank-Backed Wework Adopts Crypto as Form of Payment and Holds in Balance ...

Global space provider Wework has announced that it will now accept payment in select cryptocurrencies. The company has partnered with Bitpay and Coinbase for inbound and outbound transactions. In addition, the Softbank-backed company says it will also hold the currency on its balance sheet. Wework Dives Into Crypto Wework announced Tuesday several initiatives regarding cryptocurrencies. The company provides environments for individuals and businesses, from freelancers to Fortune 500 companies. With over 800 locations worldwide in more than 150 cities, Wework says it is the largest global....

Twitter and GM Are Considering Adding Bitcoin to Their Balance Sheets

Twitter may be pursuing adding Bitcoin to its balance sheet, to follow Square, which is also run by Jack Dorsey. The firm’s chief financial officer Ned Segal indicated in an interview with CNBC that the firm is considering BTC as an asset that it can add to its balance sheet. This discussion comes after Tesla […]

WeWork to accept crypto payments and hold them on its balance sheet

The coworking firm is the latest to see crypto as a suitable asset for its corporate treasury. Coworking space giant WeWork is the latest company to announce plans to hold cryptocurrencies on its balance sheet.The SoftBank-owned commercial real estate firm announced its plans via a statement on Tuesday. WeWork’s crypto balance sheet will come from the company adopting cryptocurrencies as a payment method.According to the announcement, WeWork has partnered with crypto payment service platform BitPay to accept digital currency payments for its workspaces.WeWork will reportedly accept Bitcoin....