@mobarok0210 23 March 2021 more from that month

Will Cryptocurrencies Play By The Rules? Nearly seven years ago, CFO asked finance chiefs an accounts receivable question: Would you allow a customer to pay in bitcoin? Now, the issue is one of cash management: Would you allow your treasury team to invest excess corporate cash in Bitcoin? Tesla and MicroStrategy have. In early February, Elon Musk’s carmaking company changed its short-term investment policy to allow it to invest an aggregate $1.5 billion in balance sheet cash in Bitcoin. MicroStrategy, headed by crypto uber-evangelist Michael Saylor, did the same, storing more than $1 billion of the business analytics’ firm’s reserve dollars in the cryptocurrency.