Bitcoin swings undermine CFO case for converting cash to crypto
El Intransigente Bitcoin swings undermine CFO case for converting cash to crypto Corporate buys would be a ‘red flag’ for investors: O’Rourke. MicroStrategy and Square have both moved reserves into tokens. Compártelo: 18 enero, 2021 Wall Street finance executives who were thinking of plunging some of their company’s cash reserves into Bitcoin got a heat check this week. Chief financial officers, not generally known as a risk-loving bunch, watched Bitcoin sink more than 25% in a 24-hour period starting Sunday. Burning a hole of that size in the corporate rainy day fund would amount t...