GameStop (GME) has added its name to the quickly-growing roster of publicly-traded companies adopting a bitcoin treasury strategy. Alongside its fourth quarter earnings report, the company said ...
is considering adding Bitcoin and other cryptocurrencies to its balance sheet, according to a report from CNBC. The news sent GameStop’s stock surging as much as 20% in extended trading.
Bitcoin is making its way from trading desks ... a quarter of the S&P 500 will have BTC somewhere on their balance sheets as a long-term asset,” Elliot Chun, a partner at Architect Partners ...
But will the momentum around bitcoin and other cryptocurrencies carry over to corporate America more broadly, appearing on balance sheets ... though that latter view has come down over time ...
With its new dashboard, interested parties can view the real-time balance of the digital ... Some of it includes Bitcoin related to the dark web Silk Road and hackers of the Bitfinex exchange.
Michael Saylor predicts Bitcoin will reach $5 million, citing three major catalysts — a spot Bitcoin ETF, bank custody with lending, and fair value accounting for BTC on corporate balance sheets.