And while the bitcoin buys seem to come out of nowhere and are seemingly executed very fast, this is usually not the case. But it won’t be the last. Featured Bitcoin security treasury corporate enterprise by Jameson Lopp 5 months ago 5 min read Corporations using bitcoin as a reserve asset in their treasuries has become a hot topic in 2020, primarily due to Microstrategy’s all-in move coupled with CEO Michael Saylor’s all-out media blitz to break down the logic behind this strategy. In the two years from March 1, 2019 to March 1, 2021, bitcoin has returned over 1,000% for an annualised ROI of 232%. Perhaps more important than these corporate-treasury specific arguments is the overall investment case for bitcoin. Holding Bitcoin (BTC) in treasury will soon become a corporate standard. The last three months in Bitcoin have been marked by large corporate entities transitioning significant portions of their treasury holdings into bitcoin. “I don’t believe that bitcoin will be an asset that typical corporate treasurers in typical companies will adopt.” Masquelier points out that in today’s world of negative and low interest rates, there are plenty of reasons for CFOs to consider how best to use their surplus cash in order to avoid destroying value. Time: 19.00 – 20.30 hrs. Date: Wednesday 28 April 2021. MicroStrategy, a Nasdaq-listed company with a roughly $1.5 billion market cap, is the first publicly traded entity to embrace Bitcoin as a corporate treasury asset. Wall Street firm MicroStrategy recently made headlines when it decided to allocate a large portion of its treasury to Bitcoin, buying over 21,000 BTC in August and almost 17,000 more in September, making its CEO, Michael Saylor, seem quite prescient already. Electric car maker Tesla has bought $1.5bn of the currency and allowed customers to purchase vehicles using it. Since adopting Bitcoin as a primary holding in its treasury, MicroStrategy's share price has quadrupled, significantly outperforming Bitcoin itself. As of Sept. 15, 2020, MicroStrategy (MSTR) revealed it had purchased 38,250 Bitcoins at an aggregate price of $425 million, including fees and expenses. Corporate treasury management is the next big wave of money for Bitcoin, and the bigger and longer the positions, the higher the price will go. Its historical price performance is certainly mind boggling. Bitcoins are in the news. MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset. Anton Golub, founder and CEO of Flovtec, joined host Teana Baker-Taylor to discuss the trend of corporate treasury management and bitcoin. Indeed, corporate interest has been pricked by the price of Bitcoin soaring from $6,850 on April 3, according to CoinDesk, to nearly $60,000 today and the chase for income and yield in a low interest rate environment. Costs: Free-of-charge. Opinions vary a lot in between “the new global currency standard” and “difficult to understand in practice and governance”. Bill Miller says the surge of attention generated by bitcoin’s frenzied rally could ignite further gains by encouraging corporate treasurers to use the cryptocurrency for diversification. Corporate Treasurers need at least to have a start of an opinion. Not too long ago, corporate purchases of bitcoin could move the market on exchanges. Although the company had some strong earnings reports since then, cryptocurrency enthusiasm and significant appreciation of its Bitcoin assets undoubtedly contributed to the rise. Webinar Treasury Management in short.
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