Abra CEO: Medium-sized companies and non-profit organizations are turning their assets into Bitcoin
Odaily2024/07/13 17:25
By:Odaily
Odaily News Abra CEO Bill Barhydt revealed that medium-sized companies and non-profit organizations are increasingly inclined to convert their assets into
Bitcoin. This trend follows the successful strategy adopted by MicroStrategy (MSTR), whose stock has appreciated due to its large Bitcoin holdings. Barhydt predicts that many medium-sized companies and non-profit organizations with large US dollar reserves will convert them into BTC. In addition, he expects the stocks of these companies to replicate the rise in MicroStrategys stock price after acquiring Bitcoin. (CoinGape)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Truth Social Files Bitcoin ETF Application
Theccpress•2025/06/04 23:32
Truth Social Moves to Launch Bitcoin ETF via NYSE Arca
Theccpress•2025/06/04 23:32
Vanadi Coffee to Invest $1.1B in Bitcoin Reserves
Theccpress•2025/06/04 23:32
Cetus Resumes Liquidity Services on Sui Network
Bitcoininfonews•2025/06/04 22:48
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$104,811.71
-0.51%
Ethereum
ETH
$2,611.48
+0.66%
Tether USDt
USDT
$1
-0.00%
XRP
XRP
$2.2
-1.99%
BNB
BNB
$664.18
+0.44%
Solana
SOL
$153.53
-1.21%
USDC
USDC
$0.9998
+0.01%
Dogecoin
DOGE
$0.1886
-2.30%
TRON
TRX
$0.2744
+1.48%
Cardano
ADA
$0.6664
-2.71%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now