In recent months, MicroStrategy has thrilled the Bitcoin Up world by putting more than $425 million worth of bitcoin on its balance sheet. On this website, you can follow which listed companies have bitcoin (BTC) on their balance sheet.
After MicroStrategy’s move, everyone began to speculate which company would take the next step. The name of Square of CEO Jack Dorsey was often mentioned. This eventually turned out to be true, because this week the company stepped into bitcoin with $50 million.
Bitcoin on the balance sheet of 13 companies.
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Listed companies and bitcoin: a trend is born
Although, in retrospect, it makes sense for companies to use bitcoin as a reserve currency, MicroStrategy’s move came as a surprise to many bitcoiners. A bitcoin standard would mainly be inspired by mass adoption by consumers, institutional investors and even central banks.
The fact that companies would interfere in the violence in this way was, for one reason or another, never much mentioned. Now the time has come and companies seem to be following each other in quick succession. A little less than two months after MicroStrategy, Square came second with an investment of $50 million.
Meanwhile, BitcoinTreasuries has compiled a list of 13 companies that have bitcoin on its balance sheet. These are only listed companies.
Why has only listed companies been chosen?
The choice for listed companies was made for the simple reason that these companies can easily be verified. After all, these companies are obliged to disclose their financial documents.
Quite soon after MicroStrategy’s move, the Canadian restaurant chain Tahinis announced that they had also switched to a bitcoin standard. But the company’s books are not public and that makes it difficult to check everything. So there are probably a lot more companies outside the list that use bitcoin as a spare asset.
We cannot wait to see how the coming months will develop. In any case, the news is not going to be much more bullish than this.
Translated with www.DeepL.com/Translator (free version)