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MarketBeat

Jea Yu

3 Stocks Using Bitcoin to Grow Their Treasury Reserves

Bitcoin Alliance Mogo Coal MicroStrategy Mining AMC MarketBeat Oil Semler Scientific

Bitcoin has gained legitimacy as it has achieved mainstream status these days. Even the United States Securities and Exchange Commission (SEC) has acknowledged its legitimacy with the advent of spot Bitcoin exchanged traded funds (ETFs) like iShares Bitcoin Trust (NASDAQ: IBIT) issued by the world’s largest asset manager BlackRock Inc. (NYSE: BLK). What was once viewed as a gimmick when MicroStrategy Inc. (NASDAQ: MSTR) went all-in on Bitcoin in 2020, aggressively replacing cash reserves with it and watching its stock soar 20x since then, is now viewed as an ingenious way to increase shareholder value and hedge against inflation.

From Meme Stock to Bitcoin

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