This publicly listed company just bought $2 million worth of Bitcoin for its treasury

 

 Bitcoin has apparent an arrival of institutional acceptance over contempo months.

As has been covered abundantly by this outlet, the accomplished few months accept apparent arresting institutional investors admeasure basic to cryptocurrencies to barrier their portfolios adjoin the accepted macroeconomic aggrandizement demography place. Further, abounding accept that Bitcoin will comedy an more important role in finance.

For instance, Paul Tudor Jones wrote in an broker letter beforehand this year that he thinks Bitcoin will be the “fastest horse in the race” due to the abundant budgetary inflation:

 

These statements accept fabricated corporations attending to barrier their advance portfolios and treasuries application Bitcoin.

This began beforehand this year with MicroStrategy, who bought BTC in August with $250 actor of aggregation money because it saw the arch cryptocurrency as a barrier adjoin inflationary trends. The aggregation connected to bifold bottomward on BTC in the months afterwards that and is now up by over 100 percent on its aboriginal purchase.

This move has pushed added accessible companies to advance in Bitcoin with aggregation money to barrier adjoin the abasement of the U.S. dollar.

 

Other companies follow MicroStrategy’s bold Bitcoin move

 

According to Twitter annual “Deltaone,” which reposts absorbing Bloomberg account to his Twitter feed, NexTech will be affairs $2 actor account of BTC with treasury money.

NexTech is a publicly-listed aggregation in Canada and is based in Vancouver. It is a “leading provider of basic and aggrandized absoluteness (AR) acquaintance technologies and casework for eCommerce, education, conferences and events.”

 

The executive, Evan Gappelberg, added that he thinks Bitcoin will accretion absorption adjoin gold in the advancing years.

This advertisement comes aloof a day afterwards the Nasdaq-listed Greenpro Capital Corporation appear a agnate move. Greenpro is gluttonous to accession up to $100 actor in 2021 to buy BTC with.