Bitcoin: Now A Treasury Reserve Asset!

Posted by GTES Exchange
Last updated 11th August 2020
reading time

  • Bitcoin: Now A Treasury Reserve Asset!

    Bitmatters Reaction Post

    Regarding an article published on August 11th 2020 by Business Wire. Click Here for the full article.

    US publicly traded company MicroStrategy has invested USD 250 million in more than 21,000 Bitcoin to protect itself and its activities from fiat inflation. Yes you read that right. A US public company is now using Bitcoin as an inflation hedge against the USD.

    Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash…”

    Mr. Saylor continued, “MicroStrategy spent months deliberating to determine our capital allocation strategy. Our decision to invest in Bitcoin at this time was driven in part by a confluence of macro factors affecting the economic and business landscape that we believe is creating long-term risks for our corporate treasury program ― risks that should be addressed proactively. Those macro factors include, among other things, the economic and public health crisis precipitated by COVID-19, unprecedented government financial stimulus measures including quantitative easing adopted around the world, and global political and economic uncertainty. We believe that, together, these and other factors may well have a significant depreciating effect on the long-term real value of fiat currencies and many other conventional asset types, including many of the assets traditionally held as part of corporate treasury operations.”

    Normally I would add some context and commentary but in this case I do not need to add anything else. What is your protection strategy going to be?

    https://thehash.bitmatters.online/bitcoin-now-a-treasury-reserve-asset/

    Bitcoin: Now A Treasury Reserve Asset!
  • Can We Help You?

    Are You Looking To Buy Or Sell Crypto Currency But Are Unsure Of The Safest & Most Secure Way to Go About It? We Can Help You.

    Can We Help You?
  • Is This You?

    Are You Looking To Safely & Securely Buy Or Sell Crypto Assets?

    Is This You?
  • Please clearly detail the reason you are requesting a call
  • This field is for validation purposes and should be left unchanged.

Submit the onboarding application below prior to submitting your KYC details, and await onboarding approval and acceptance.

Simply add your first name and email address below, and we'll add you to our GTES email database. We'll update you with GTES news and announcements, whilst also keeping you updated when programs, transactions, and opportunties become available.

If you want to speak to GTES about a specific transaction, you can use the request a call feature.

  • This field is for validation purposes and should be left unchanged.