UK Company adopts Bitcoin as treasury reserve assets

mk4

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Quote from: fillippone on October 26, 2020, 03:57:04 AM

I don't want to say that SQUARE also fall in this category, as I think 50 millions are basically pocket money for them, but I want to say that the amount invested in Bitcoin is surely less money they would have spent in a marketing campaign giving them the same exposure.

Hah. Regardless if Jack Dorsey was a bitcoin bull since forever, I personally agree and think this was also a publicity stunt by Dorsey. Since the MicroStrategy bitcoin acquisition, people on Twitter(Pierre Rochard, etc, If my memory serves me right) were pressuring Dorsey to "have more skin in the game" and actually allocate some of Square's money into bitcoin. Hence, it's safe to assume that he allocated a small amount just to gain better publicity even though it literally doesn't make sense for a growth company to be investing in "hedge" assets.

Though I guess the 50m gave them a lot of press coverage so it probably ended up being worth it? Idk. 🤷‍♂️

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Quote from: mk4 on October 24, 2020, 11:19:40 PM

Quote from: cryptomaniac_xxx on October 24, 2020, 05:24:12 AM

But you have to take into account that the company is still fairly young, just founded months ago (Aug 2020),

https://www.bloomberg.com/profile/company/1828151D:LN
https://find-and-update.company-information.service.gov.uk/company/12794676

That's why the initial capital or marketcap is that that huge to begin with. So they are just starting to established themselves and probably building the company with the help of 10% of their treasury assets in BTC.

True. I'm really not trashing them for it, I just provided facts from data I looked up. It's that just for now it seems a bit like they're riding up the hype companies are getting for buying bitcoin. Now, we'll know if they're actually bullish on bitcoin, if they continue to stack up in the future as they get more cash flow.

No problem and I don't think you're trashing them (if that is the impression you got from my reply). Maybe they are just riding the hype or the people behind are really pro-bitcoiners, Grin

. Only history will tell us if the company becomes a success and they kept on investing their increasing cash flow to BTC, let's just hope for the best.

bitbollo

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Well it's very hard to predict which new company can be interested in these kind of investments
Plus uncertain due COVID19 situation has created some troubles for cash-flow in many small-mid size company.

https://bitcointreasuries.org/ You can check this resource.
Here there is a list of all Publicly Traded Companies that have already bought bitcoin.
(We are close to 4% of total supply)

lixer

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Quote from: cryptomaniac_xxx on October 23, 2020, 05:31:47 AM

The company is Mode Global Holdings, will allocated 10% of their assets to BTC. So more institutional investors are joining the bandwagon globally, the question is who's next?

Yeah, this is good news, and this year seems to be getting better for Bitcoin as more of these companies keep on adopting it as a reserve for their assets. I don't know the motivation behind this, can it be because of recession?, but I am happy they are doing it. Many of them are talking about cryptocurrency, another good news I have been seeing is that of PayPal, like lots of changes have been this year and I'm happy about that.

Quote from: 3meek on October 26, 2020, 03:26:49 AM

This company has bought 7 bitcoins possibly on a local high... For some reason it seems to me that now bitcoin can't break through the resistance of 14K... I think what this company did was not the wisest decision!

How did you get to know that? And were you expecting the price to quickly get to $14k? Y'all are always in a rush. The price will get to that, but with time. The $13k we have this week is not what we had last week. So no need for the hurry. I knew some people were expecting the price to be very high by now, because of companies that invested in BTC this year, but it doesn't work like that.

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Quote from: AjithBtc on October 23, 2020, 09:15:29 AM

The holding in comparison to other large companies making the investment is very low, but such small scale companies participation is a must. When more small scale companies prioritise bitcoin as reserve, automatically the volume of bitcoin as reserve peaks high. This can lead to higher margin adoption which might further support in mainstream adoption.

The good news here is their adoption and they let people know about their current move about the ongoing trend which is bitcoin. If the other company in their country will follow their footstep, then the market would get us far from its current price right now. If the reserve money will get double by next year, I wonder how many companies will convert their reserve budget into bitcoins. Just like the 2017 bull run, when they see lots of people flocking to get their bitcoin, many have followed and the result created a new record of price of bitcoin.

https://cointelegraph.com/news/history-shows-bitcoin-price-may-take-3-12-months-to-finally-break-20k

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Quote from: mk4 on October 23, 2020, 05:50:38 AM

I really don't want to be the party pooper here, but if anyone is expecting a huge amount of money from this one company, then sorry to say that it's really not that much. 10% of their cash reserves are only a total of around £72200/$94,365; at least based on their June filings[1]. It's approximately a BTC7.27 at today's prices.

Not that much money, but at least the publicity is good so there's that.

dontkillmepls

[1] https://www.londonstockexchange.com/news-article/MODE/interim-results-for-the-period-ended-30-june-2020/14716173

Currently out of merits, but this is a very fair point.
Following the recent development and excitement due to the "serious" investments by Microstrategy, a few other firms publicized Bitcoin investments only as a marketing stunts.
I don't want to say that SQUARE also fall in this category, as I think 50 millions are basically pocket money for them, but I want to say that the amount invested in Bitcoin is surely less money they would have spent in a marketing campaign giving them the same exposure.

Quote from: Karartma1 on October 26, 2020, 03:31:59 AM

If you people want to keep an eye on similar news as they come forward I suggest you bookmark the following thread curated by fillippone who is taking care of keeping track of all the different publicly traded companies using bitcoin as a reserve asset.
https://bitcointalksearch.org/topic/--5280947

Thank you @Karatma1
for the above reasons, I doubt you will find this company in my list, as I decided to cut the reporting to a lower threshold of 100 BTC, chosen according to my arbitrary judgment.
Time is limited, let's concentrate on the signal and ignore the noise.

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If you people want to keep an eye on similar news as they come forward I suggest you bookmark the following thread curated by fillippone who is taking care of keeping track of all the different publicly traded companies using bitcoin as a reserve asset.
https://bitcointalksearch.org/topic/--5280947

3meek

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This company has bought 7 bitcoins possibly on a local high... For some reason it seems to me that now bitcoin can't break through the resistance of 14K... I think what this company did was not the wisest decision!

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Quote from: mk4 on October 23, 2020, 05:50:38 AM

I really don't want to be the party pooper here, but if anyone is expecting a huge amount of money from this one company, then sorry to say that it's really not that much. 10% of their cash reserves are only a total of around £72200/$94,365; at least based on their June filings[1]. It's approximately a BTC7.27 at today's prices.

Not that much money, but at least the publicity is good so there's that.

dontkillmepls

[1] https://www.londonstockexchange.com/news-article/MODE/interim-results-for-the-period-ended-30-june-2020/14716173

that's a valid point but this is better than not having them. There will be many more institution that would join the bandwagon and that is where the big news will come and we will see trillions of dollars flooding the market. We should try to look at them as a collective rather than individual.

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More and more institutionals in the game. I hope that this will help in btc mooning

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Quote from: Mpamaegbu on October 25, 2020, 12:49:25 AM

A lot of people like to chase clout and that's how the crowd mentality thing works. The invested amount may not be that huge going by the few Bitcoin it could buy at the present price but the interest shown by the company and the buzz it has generated is a good one for me. A journey of a thousand mile begins with a step. From this and other related developments we shall begin to see other companies which were skeptical about investing or hedging their funds with Bitcoin begin to do that. It's a plus for the crypto industry. The industry is the winner here.

Pretty much my thoughts. Remember back in 2017 whereas that one company just casually adds the "blockchain" buzzword to their company name and suddenly their stock prices went up? Yep.

https://www.cnbc.com/2017/12/21/long-island-iced-tea-micro-cap-adds-blockchain-to-name-and-stock-soars.html

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It's just sending a strong signal already, newly established Fintech company or even huge company and individual investors are hopping in the bandwagon which means there is demand and it will continue to go up and we might hear another one doesn't want to miss out and putting some percentage of their assets into bitcoin.

These company are obviously riding the hype and looking at the possibility that it's going to a financial rewarding investments in the future as everything is pointing to an eventual bull run in 2021 onwards. So let's see how it goes, we might ascertain that top companies are already in the crypto 'movement', a paradigm shift, so to speak.

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A lot of people like to chase clout and that's how the crowd mentality thing works. The invested amount may not be that huge going by the few Bitcoin it could buy at the present price but the interest shown by the company and the buzz it has generated is a good one for me. A journey of a thousand mile begins with a step. From this and other related developments we shall begin to see other companies which were skeptical about investing or hedging their funds with Bitcoin begin to do that. It's a plus for the crypto industry. The industry is the winner here.

mk4

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Quote from: cryptomaniac_xxx on October 24, 2020, 05:24:12 AM

But you have to take into account that the company is still fairly young, just founded months ago (Aug 2020),

https://www.bloomberg.com/profile/company/1828151D:LN
https://find-and-update.company-information.service.gov.uk/company/12794676

That's why the initial capital or marketcap is that that huge to begin with. So they are just starting to established themselves and probably building the company with the help of 10% of their treasury assets in BTC.

True. I'm really not trashing them for it, I just provided facts from data I looked up. It's that just for now it seems a bit like they're riding up the hype companies are getting for buying bitcoin. Now, we'll know if they're actually bullish on bitcoin, if they continue to stack up in the future as they get more cash flow.

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Quote from: Tytanowy Janusz on October 23, 2020, 08:04:53 AM

It seems to me that this may be the basis for the creation of a new paradigm on the basis of which the next bitcoint bubble will be based.

The next big bull run must of course have some kind of catalyst or spark to start the engine, and here we see a more than obvious example that the trend from the US has started to spill over into the UK. So even though it is a relatively small amount in question, it is much more important that companies have recognized the potential that Bitcoin has.

Quote from: Tytanowy Janusz on October 23, 2020, 08:04:53 AM

Fidelity - "It is one of the largest asset managers in the world with $3.3 trillion in assets under management as of June 2020 and a combined total customer asset value number of $8.3 trillion"

If they will apply this strategy into their portfolio than 5% from $8.3 trillion is equal to $ 415 bilion. Marketcap of Bitcoin is equal $ 240 billion. So there is not enough bitcoins only for them (at current price).

An interesting calculation, and this only shows that only one large company with a relatively small allocation of its funds would make a real boom in the crypto market. Of course, we also have that well-known story abut the number of world millionaires, which until years ago was 36 million - and if each of them wanted only 1 BTC, that would not be achievable given the limit of 21 million BTC.

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Quote from: mk4 on October 23, 2020, 10:59:58 PM

Quote from: gentlemand on October 23, 2020, 01:37:21 PM

They just did some sort of IPO and the inference is they're using the money from that, which probably did not impress the people who threw some cash at them.

I wouldn't be surprised if their investors didn't like this move to be completely honest. People invest in companies for cash flow(regardless if present or future). If I'd like to have exposure to bitcoin, I'd buy bitcoin.

Also taking note that Mode Global Holdings' total marketcap is only £41M[1] which is kinda small, if I was an investor I'd definitely heavily prefer that they focus on taking risks in growing the company rather than playing it safe and investing in a non-productive asset.

[1] https://www.londonstockexchange.com/stock/MODE/mode-global-holdings-plc/company-page

But you have to take into account that the company is still fairly young, just founded months ago (Aug 2020),

https://www.bloomberg.com/profile/company/1828151D:LN
https://find-and-update.company-information.service.gov.uk/company/12794676

That's why the initial capital or marketcap is that that huge to begin with. So they are just starting to established themselves and probably building the company with the help of 10% of their treasury assets in BTC.

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Quote from: gentlemand on October 23, 2020, 01:37:21 PM

They just did some sort of IPO and the inference is they're using the money from that, which probably did not impress the people who threw some cash at them.

I wouldn't be surprised if their investors didn't like this move to be completely honest. People invest in companies for cash flow(regardless if present or future). If I'd like to have exposure to bitcoin, I'd buy bitcoin.

Also taking note that Mode Global Holdings' total marketcap is only £41M[1] which is kinda small, if I was an investor I'd definitely heavily prefer that they focus on taking risks in growing the company rather than playing it safe and investing in a non-productive asset.

[1] https://www.londonstockexchange.com/stock/MODE/mode-global-holdings-plc/company-page

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Quote from: FinneysTrueVision on October 23, 2020, 09:18:08 PM

It's become a growing trend. They are finally starting to recognize it's potential instead of trying to fight it and downplaying it for so many years. It has proven to be superior to gold which is difficult to transact with and the US dollar which decreases it's value over time. It's been the 'blockchain not bitcoin' people who have ended up on the wrong side of history.

Time has really change, from the humble beginning of bitcoin and then institution totally shunning it away like a plague or something, brandishing it as Ponzi and used by criminals. But now, they saw the potential and every one of them is riding the bandwagon. They still have other options like stocks and gold or oil, but bitcoin is the best asset so far and no wonder some company are adopting it as treasury reserves.

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It's become a growing trend. They are finally starting to recognize it's potential instead of trying to fight it and downplaying it for so many years. It has proven to be superior to gold which is difficult to transact with and the US dollar which decreases it's value over time. It's been the 'blockchain not bitcoin' people who have ended up on the wrong side of history.

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Quote from: mk4 on October 23, 2020, 05:50:38 AM

I really don't want to be the party pooper here, but if anyone is expecting a huge amount of money from this one company, then sorry to say that it's really not that much. 10% of their cash reserves are only a total of around £72200/$94,365; at least based on their June filings[1]. It's approximately a BTC7.27 at today's prices.

It's mostly symbolic but it's also another sign of Bitcoin being increasingly recognized as digital gold, it's less of a hyperbole to refer to it as such nowadays.

Quote from: gentlemand on October 23, 2020, 06:11:23 PM

This will definitely be a factor that didn't exist before and we'd be naive to discount it. Company money arriving now may well feel like a total genius for the next 12-18 months. What happens after is the decider. I see no reason why most wouldn't be headless chickens just like everyone else.

At least most will have arrived via OTC and will depart the same way even if it does add up overall.

Considering the fact that there's more friction involved compared to regular exchanges, there at least might be less thoughtless panic selling contributing to volatility.

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Quote from: int03h on October 23, 2020, 11:04:04 AM

It's no longer surprising that financial firms include bitcoins in their portfolios as they operate for profit. Maybe soon, they will sell off bitcoins as they make a profit.
These companies are launching a bitcoin speculative movement within the enterprise. Bitcoin will be in higher demand for buying and motivated to increase in value.

It's no longer surprise and we will expect more companies / businesses to adopt and start engaging to this market.

Bitcoin will be embraced and serves more as reserve assets as the value keeps bringing the attentions especially when

the bullish season start to pumped up.

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Quote from: dothebeats on October 23, 2020, 05:59:37 PM

I'm still not spelling out the reason as to why more and more companies are suddenly starting to have a feel for bitcoin. Not so long ago, most of their reason as to why they are not adopting bitcoin into their business model or using it as an asset is due to volatility concerns. Not much has changed since then, and bitcoin is still a highly-volatile coin.

Yeah, the only reason I can think of is that they want to take advantage of it's volatility, huge investments, huge gains. They might have been looking at the 2017 boom and bust, so they want to get early and get out once the bubble is burst.

Quote from: dothebeats on October 23, 2020, 05:59:37 PM

Personally I think this will somehow spark a trend on startup companies and some select tech companies focused on fintech, which will then fuel the price higher until it can't hold it anymore. It will also be these same companies that will be the downfall of that bull run once they abandon or forego a % of their bitcoins just to offset their losses.

Again, just the nature of crypto, we might even compare them to the irrational buyers in 2017, but the main difference is that these companies knows what they're doing and could get profits in no time without waiting for it to go to another bubble.

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Quote from: dothebeats on October 23, 2020, 05:59:37 PM

It will also be these same companies that will be the downfall of that bull run once they abandon or forego a % of their bitcoins just to offset their losses.

This will definitely be a factor that didn't exist before and we'd be naive to discount it. Company money arriving now may well feel like a total genius for the next 12-18 months. What happens after is the decider. I see no reason why most wouldn't be headless chickens just like everyone else.

At least most will have arrived via OTC and will depart the same way even if it does add up overall.

This is a weird trend I didn't see coming and many of the late arrivals, who'll be the majority, may meet a rapid and sticky end.

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I'm still not spelling out the reason as to why more and more companies are suddenly starting to have a feel for bitcoin. Not so long ago, most of their reason as to why they are not adopting bitcoin into their business model or using it as an asset is due to volatility concerns. Not much has changed since then, and bitcoin is still a highly-volatile coin. Personally I think this will somehow spark a trend on startup companies and some select tech companies focused on fintech, which will then fuel the price higher until it can't hold it anymore. It will also be these same companies that will be the downfall of that bull run once they abandon or forego a % of their bitcoins just to offset their losses.

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Quote from: fiulpro on October 23, 2020, 09:07:11 AM

Would they work for the benefit of bitcoins or will infact keep the profit of the company as priority.
Since they can very easily modify the price of the market for their personal profits.

It works both ways, if these companies keep investing on bitcoin then there's a chance that this might be the catalyst for the next bull run. I remember way back after the bubble has been burst early in 2018 and asking where should be the money will come if we are going on another run, another all time high in the future. So I guess this is the answer, institutional money coming from companies flowing into bitcoin ecosystem. Definitely, everyone even average joe's have their sights for personal profits, so for me this is a win-win situation, it's just a matter on when to get our profits, when bitcoin hits a new all time high? 6 digits in the future?

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Quote from: mk4 on October 23, 2020, 05:50:38 AM

I really don't want to be the party pooper here, but if anyone is expecting a huge amount of money from this one company, then sorry to say that it's really not that much. 10% of their cash reserves are only a total of around £72200/$94,365; at least based on their June filings[1]. It's approximately a BTC7.27 at today's prices.

They just did some sort of IPO and the inference is they're using the money from that, which probably did not impress the people who threw some cash at them.

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Well, this should be applaud becasue of their involvement into the system unlike others whom might look into Bitcoin volatility. What i think about we not having giants like big tech will be Bitcoin volatility, but aside this negative aspect of Bitcoin others would have been involve. Although, seeing those companies getting into the space is a welcome development which would be the basis of the current market getting positive bullish.

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Quote from: cryptomaniac_xxx on October 23, 2020, 05:31:47 AM

Another company put bitcoin in their radar and make it a treasury reserve asset.

The company is Mode Global Holdings, will allocated 10% of their assets to BTC. So more institutional investors are joining the bandwagon globally, the question is who's next?

https://www.investegate.co.uk/mode-global-holdings--mode-/rns/mode-adopts-bitcoin-as-treasury-reserve-asset/202010210700037078C

Many companies have started to add Bitcoin in their treasury reserve.According to bitcointreausery.org has listed the name of 23 companies which are listed on various exchanges like Nasdaq which have Bitcoin in their reserves and the total amount of btc held by them is nearly 785k btc coins which is approximately 4% of the total supply cap at this time and amount is nearly $10 billion in reserves with them and that is really a huge amount.Most of them are publicly traded companies like MicroStrategy holds nearly 38000 btc in their reserve, Square Inc holds 4700 bitcoins and private companies like block.one holds roughly 140000 bitcoins in their reserves.So we can say that most of the big companies are also indulging themseleves with cryptocurrencies so as to secure their future financial services and gain profit with time that's what investment really means and they are doing so.

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Quote from: mk4 on October 23, 2020, 05:50:38 AM

I really don't want to be the party pooper here, but if anyone is expecting a huge amount of money from this one company, then sorry to say that it's really not that much. 10% of their cash reserves are only a total of around £72200/$94,365; at least based on their June filings[1]. It's approximately a BTC7.27 at today's prices.

Not that much money, but at least the publicity is good so there's that.

dontkillmepls

[1] https://www.londonstockexchange.com/news-article/MODE/interim-results-for-the-period-ended-30-june-2020/14716173

Money is an important aspect most definitely, but I believe it's a great move conidering a company is entrusting a percentage of their asset on bitcoin. I think the confidence is what matter really in this case! 7 bitcoins are not really huge but the context is that corporates are gaining confidence on bitcoin! I think it really matters because every new change starts with a baby step. Companies have just started taking that! So that is important here, not the monetary value!

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It's no longer surprising that financial firms include bitcoins in their portfolios as they operate for profit. Maybe soon, they will sell off bitcoins as they make a profit.
These companies are launching a bitcoin speculative movement within the enterprise. Bitcoin will be in higher demand for buying and motivated to increase in value.

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The holding in comparison to other large companies making the investment is very low, but such small scale companies participation is a must. When more small scale companies prioritise bitcoin as reserve, automatically the volume of bitcoin as reserve peaks high. This can lead to higher margin adoption which might further support in mainstream adoption.

fiulpro

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Do Bitcoins have the ability to give up Volatility?
- I believe No
Therefore if these companies are putting them up as a treasure assets then I do believe they are not interested in the short term holding but rather they want to extend and believe that bitcoins is going to reach great heights in the future. These companies are not small thing , they have various professionals working with them, advising them. Therefore the companies are slowly getting used to the idea of cryptocurrencies like Bitcoins because they are here to stay for long. This is a positive step and would even influence other people to get involved with bitcoins.

But then again we have a big question here :

Would they work for the benefit of bitcoins or will infact keep the profit of the company as priority.
Since they can very easily modify the price of the market for their personal profits.

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What large company do you think will be next to adopt Bitcoin as treasury reserve assets? Btw you can buy or sell your BTC at SnapEx today!

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It seems to me that this may be the basis for the creation of a new paradigm on the basis of which the next bitcoint bubble will be based.

According to the newest Fidelity* paper "BITCOIN INVESTMENT THESIS BITCOIN’S ROLE AS AN ALTERNATIVE INVESTMENT" - Bitcoin is an "alternative asset" not related/connected to other assets and is a great hedge against them - in case of their failour. They suggest building diversified portfolio in a way that min 5% of it is allocated in Bitcoin.

Fidelity - "It is one of the largest asset managers in the world with $3.3 trillion in assets under management as of June 2020 and a combined total customer asset value number of $8.3 trillion"

If they will apply this strategy into their portfolio than 5% from $8.3 trillion is equal to $ 415 bilion. Marketcap of Bitcoin is equal $ 240 billion. So there is not enough bitcoins only for them (at current price).

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Quote from: Poker Player on October 23, 2020, 06:15:04 AM

I don't think the total money is as relevant as the percentage and, yes, I think the publicity is good but imagine that Amazon bought 10% of their assets in bitcoin.

Nah. The likeliness of Amazon doing something like this is slim to nothing. Amazon is a growth company, and growth companies are going to need A LOT of cash to continue growing their business. As much as how good of an investment bitcoin is, it simply doesn't align with Amazon's mission. Same with most tech growth companies.

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Quote from: mk4 on October 23, 2020, 05:50:38 AM

but if anyone is expecting a huge amount of money from this one company, then sorry to say that it's really not that much. 10% of their cash reserves are only a total of around £72200/$94,365; at least based on their June filings. It's approximately a BTC7.27 at today's prices.

Oh, I really though its that much, but that's not an issue either, in as much as it was announced publicly, then that's cool, but in time forward, other companies will definitely buy the idea of reserving bitcoin for any sub scale of preference.

Quote from: Poker Player on October 23, 2020, 06:15:04 AM

I think the publicity is good but imagine that Amazon bought 10% of their assets in bitcoin. I hope that news like this will continue to follow, helping to normalize the holding of bitcoin as reserves. The day will come when it won't even be news.

This is perfectly true, I have come across this similar news several times which I think really think is the backbone behind recent spike in bitcoin price. The publicly however will somewhat convince people having a doubt that bitcoin is scamming things.

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Quote from: mk4 on October 23, 2020, 05:50:38 AM

I really don't want to be the party pooper here, but if anyone is expecting a huge amount of money from this one company, then sorry to say that it's really not that much. 10% of their cash reserves are only a total of around £72200/$94,365; at least based on their June filings[1]. It's approximately a BTC7.27 at today's prices.

Not that much money, but at least the publicity is good so there's that.

I don't think the total money is as relevant as the percentage and, yes, I think the publicity is good but imagine that Amazon bought 10% of their assets in bitcoin. I hope that news like this will continue to follow, helping to normalize the holding of bitcoin as reserves. The day will come when it won't even be news.

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I really don't want to be the party pooper here, but if anyone is expecting a huge amount of money from this one company, then sorry to say that it's really not that much. 10% of their cash reserves are only a total of around £72200/$94,365; at least based on their June filings[1]. It's approximately a BTC7.27 at today's prices.

Not that much money, but at least the publicity is good so there's that.

dontkillmepls

[1] https://www.londonstockexchange.com/news-article/MODE/interim-results-for-the-period-ended-30-june-2020/14716173

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Another company put bitcoin in their radar and make it a treasury reserve asset.

The company is Mode Global Holdings, will allocated 10% of their assets to BTC. So more institutional investors are joining the bandwagon globally, the question is who's next?

https://www.investegate.co.uk/mode-global-holdings--mode-/rns/mode-adopts-bitcoin-as-treasury-reserve-asset/202010210700037078C

Topic: UK Company adopts Bitcoin as treasury reserve assets (Read 472 times)