Jim Cramer Thinks ‘Every’ Corporate Treasurer Should Be Thinking Bitcoin
The CNBC host said it's almost irresponsible not to include bitcoin on balance sheets following Tesla's buy.
MicroStrategy turned a veritable mountain of zero-interest debt into its single-largest bitcoin allocation yet.
Ahead of its fourth-quarter earnings call Tuesday the payments firm announced it had purchased an additional 3,318 BTC as a reserve asset.
Some think bitcoin is too volatile to be a popular treasury reserve asset. MicroStrategy and Square seem to be in it for the long haul.
The value of Square’s bitcoin investment from October 2020 has increased fivefold.
“Since Tesla, it’s gone bananas.”