According to Bloomberg, the CFO and COO expressed their belief that Bitcoin can revolutionize the way money moves. They envision a future in which money can move as quickly as information on the Internet. They believe Bitcoin is the most likely candidate to make this vision a reality given its flexibility, security and proven track record.
The CFO and COO noted that the individuals most disadvantaged by the current financial system are often those who pay the highest fees to access and move funds. They believe that Bitcoin has the potential to change this reality. The company has taken the somewhat unusual step of holding Bitcoin on its balance sheet. They say this helps the company understand the technology better.
The CFO and COO explained that holding Bitcoin helps the company understand what it means to hold Bitcoin and what it means for their treasury teams to go out into the market to buy Bitcoin. They believe that this practical approach will help them better understand and benefit from the potential of this technology.
