A surge in corporate interest is predicted to bring Bitcoin onto the balance sheets of over 100 S&P 500 companies by 2030. Elliot Chun, a partner at Architect Partners, believes that treasury managers will feel compelled to engage with Bitcoin to stay competitive. Currently, only Tesla and Block hold Bitcoin, but many companies are eyeing ...
By 2030, it’s projected that about a quarter of S&P 500 companies will include Bitcoin on their balance sheets, driven by treasury managers eager to capitalize on potential gains. Financial expert Elliot Chun believes that experimenting with Bitcoin has become crucial for job security within firms. Currently, only Tesla and Block hold Bitcoin, but the ...
Twenty U.S. states, including Oklahoma, Texas, and Massachusetts, are considering Bitcoin reserve bills, with North Carolina planning to invest over $2.6 billion in Bitcoin purchases. If these proposals pass, the states could collectively acquire around 247,000 Bitcoins, potentially worth $23 billion. This move is seen as a positive development for the cryptocurrency industry, as it ...
Sora Ventures has introduced a $150 million fund to help listed companies in Asia adopt Bitcoin treasury strategies, inspired by the successful MicroStrategy model. This approach allows companies to use Bitcoin as a reserve asset to improve their financial strategies and enhance shareholder value. Metaplanet, a Tokyo Stock Exchange-listed company, is already benefitting from this ...
Weaker crude prices and falling refining margins are pushing four of the five major oil companies to borrow money for $15 billion in share buybacks this past quarter. This raises concerns about the long-term sustainability of these payouts.
French investment firm Wendel has agreed to acquire a majority stake in private lender Monroe Capital for $1.13 billion. This move aims to expand Wendel's presence in the growing private credit market. Monroe Capital's Chairman and CEO, Ted Koenig, discussed the deal in an interview with Sonali Basak on "Bloomberg Markets."
