Why S&P 500 companies should consider the Bitcoin strategy
MicroStrategy’s (NASDAQ: MSTR) decision to incorporate Bitcoin (BTC) into its balance sheet was considered a bold move by Wall Street companies. Now, this strategy is turning out to be a strategic move that has proven profitable for the firm and its investors, prompting questions about whether S&P 500 companies should follow suit. As things stand, MicroStrategy’s stock has surged past every S&P 500 equity since incorporating Bitcoin into its corporate strategy in 2020, according to an Analysis shared by technical analyst J.C. Parets. Picks for you BlackRock’s Bitcoin ETF was on fire this week: 4x more volume than Gold’s 2 hours ago 2 cryptocurrencies to reach $50 billion market cap by year-end ...