Software Startup Puts 40% of Cash Reserves Into Bitcoin

2 37
Avatar for blokblog
4 years ago

Canadian-based Snappa announced that it'll move a significant amount of its cash reserves into bitcoin (BTC), citing concerns of inflation and global economic uncertainty.


In a personal blog post, co-founder Chris Gimmer explained his company’s belief that traditional savings accounts are inferior to other options for growing cash reserves.


The company did not mention the number of bitcoin it currently holds for "privacy reasons". 

3
$ 0.00
Sponsors of blokblog
empty
empty
empty

Comments

Good article

$ 0.00
4 years ago

Thanks for the information

$ 0.00
4 years ago