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Bitcoin on balance sheet attracts negative attention from anti-crypto banksI had to log in and stop you from scamming people with your Bitcoin Cash promotion. Bitcoin Cash is a dead project with virtually no development of substance. Bitcoin Cash is not a "Cheaper Option" because it is only comparable in name. This is exactly how people get "rekt" in crypto...
Do not by Bitcoin Cash
Having over 90,000 BTC on the balance sheet could see a company’s stock blacklisted by banks that remain crypto detractors.
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Since August 2020, MicroStrategy has embarked on a Bitcoin acquisition spree and now holds more than $5 billion worth of BTC. Michael Saylor, the company’s CEO, has also become an outspoken Bitcoin proponent. Saylor’s Bitcoin evangelism has included attempts to encourage other publicly listed firms to add BTC to their balance sheet. Indeed, some other companies in the United States have emulated Saylor’s Bitcoin adoption.
With corporate Bitcoin adoption becoming commonplace, the conversation appears to be shifting toward life and annuity companies and sovereign wealth funds to see where the next wave of institutional BTC investment will emerge. However, for legacy players like HSBC, Bitcoin and cryptocurrencies, in general, remain anathema even if the actions taken thus far appear to be arguably arbitrary.