According to Bloomberg, the Chief Financial Officer and Chief Operating Officer have expressed their belief in the potential of Bitcoin to revolutionize the way money moves. They envision a future where money can move as quickly as information does on the internet. They believe Bitcoin is the most likely candidate to make this vision a reality due to its resilience, security, and proven track record.
The CFO and COO pointed out that the individuals who are most underserved by the current financial system are often those who pay the highest fees to access and move money. They believe that Bitcoin has the potential to change this reality. The company has taken the somewhat unusual step of holding Bitcoin on its own balance sheet. This, they say, helps the company understand the technology better.
The CFO and COO explained that holding Bitcoin helps the company understand what it means to custody Bitcoin and what it means for their treasury teams to be out in the market buying Bitcoin. They believe this hands-on approach will help them better understand and leverage the potential of this technology.
