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The Bitcoin Treasuries List Exceeds $30 Billion – 29 Companies Hold BTC Reserves
More than 1.1 million bitcoin or over $30 billion worth of the crypto asset is held by a myriad of companies, according to the web portal bitcointreasuries.org. The massive stash of bitcoin reserves held by well known companies started swelling after the billion-dollar firm Microstrategy purchased $250 million worth of bitcoin in August. Now there […]
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Canadian Company Mojo Invests $1.5 Million in Bitcoin, Plans to Allocate More Next Year
On December 23, 2020, the Canadian financial tech firm Mogo announced its plans to invest 1.5% of the company’s reserve assets into bitcoin by the year’s end. Mogo’s president and CFO said the initial corporate investment of up to $1.5 million in bitcoin builds on the company’s product development related investments in bitcoin during the […]
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Asset Manager Ruffer Confirms $750 Million Bitcoin Investment as Hedge Against Fiat Currency Devaluation
Investment management firm Ruffer, with over $27 billion under management, has confirmed that its bitcoin investment now totals $750 million. A Ruffer spokesperson told news.Bitcoin.com that this was “primarily a protective” move for the firm’s portfolios, as the firm reduced its gold investment. Ruffer says that its bitcoin investment is an “insurance policy against the […]
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