MicroStrategy, a publicly listed company with a market cap over $1billion, made waves in August by purchasing $250million dollars worth of bitcoin, an amount representing the vast majority of their ‘reserve assets’.
This was a major move, that surprised many in both scale and scope, and is likely to serve as watershed moment in the story of corporate accumulation of bitcoin.
There are several, albeit smaller businesses, that preceded MicroStrategy in seeing the valuable role bitcoin could play as a reserve asset on their balance sheets, and I thought it would be fun to get a few of them together to discuss their decision to do so.
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