Opinion: Mid-sized companies and non-profits are converting their assets to bitcoin
2024-07-13 14:55:19
Digital asset service platform abra chief executive bill barhydtdesk3cryptocurrencydesktopCrypto News
Mid-sized companies and non-profits are increasingly converting their assets into bitcoin, according to Bill Barhydt, chief executive of Abra, a digital asset services platform. The trend follows a strategy successfully implemented by MicroStrategy, which has seen its share price appreciate due to its large holdings of bitcoin. Barhydt expects that many mid-sized companies and non-profits with large dollar reserves will convert these reserves into bitcoin, and their shares will emulate the rally in MicroStrategy's share price following its acquisition of bitcoin.
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