All companies have a choice in which digital currency they keep savings in.
The digital currency called dollars, which are programmed to lose 2-3% of their value each year with unlimited supply.
Or the digital currency called Bitcoin, of which there are only 21m. https://t.co/TsPL01IXiS
I could scoff at news stories based on restaurants and other small businesses putting their cash reserves into Bitcoin. On the other hand, it's never really happened before and likely represents a fundamental shifting in how businesses choose to store wealth.
Pretty sure even if Bitcoin crashes, they just write it off as an investment loss against their revenue. Win-win.
Mode Global Holdings is a UK-based fintech that has, amongst others, the Bitcoin Jar in their product line-up (link).
In their latest filed report, they reported cash holdings of approximately £600,000. 10% of that would translate to approximately 6 Bitcoin.
Good news in terms of a company putting Bitcoin on their balance sheet, but I feel like they're doing this more for the publicity to draw attention to their Bitcoin Jar product than anything else. Which still isn't a bad thing, if it generates interest (ha-ha) all the better.
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