Why Public Companies Are Secretly Hoarding Bitcoin—and What It Means for Your Portfolio Right Now
Of course, Bitcoin fever isn’t sweeping every boardroom. Tesla added Bitcoin to its balance sheet in 2021, but the automaker has since tempered its position. And Meta shareholders overwhelmingly voted down a proposal for the company to build a strategic Bitcoin reserve. Similar efforts have failed at Amazon and Microsoft.
So not all corporations are rushing to take part in the Bitcoin run. Still, for a growing number of companies, Bitcoin is more than just a speculative asset now – it’s a strategic one.
Post Comment