Why Block Is More Than Just a Bitcoin Play
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The number of companies adding Bitcoin (CRYPTO: BTC) to their corporate treasuries has soared this year. Block (NYSE: XYZ) ranks 13th in BitcoinTreasuries' list of public companies that hold the top cryptocurrency. But Block, which started adding Bitcoin to its balance sheet in 2020, differs from other businesses on the list. First, its Bitcoin holdings align with its business operations. Second, unlike companies like Strategy, Block isn't raising money to buy more Bitcoin. It simply spends 10% of the money it makes from Bitcoin products on buying Bitcoin. Finally, Bitcoin only makes up one area of its operations. Block is a diversified fintech business with an evolving range of payment solutions.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool