The Ill-Fated Emergence Of The Bitcoin Balance Sheet

Law360 (November 25, 2020, 4:02 PM EST) -- This year MicroStrategy relished in a good problem to have — a half a billion dollars of cash in its bank account and uncertainty over what to do with it. The company could have paid its shareholders a hefty dividend, bought back a truckload of its stock, invested in research and development, financed new acquisitions or pursued other traditional financial endeavors.

But the Nasdaq-traded tech firm got creative, and instead opted to buy $425 million worth of Bitcoin,[1] converting what MicroStrategy called its "primary treasury reserve asset" into Bitcoin.[2]

Just visit the Bitcoin information link on MicroStrategy's website and read all...

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