Another
Company has Invested 10% of its Cash Holdings in Bitcoin
Raoul Paul the CEO of Real
Vision, a financial TV company, said that the company has invested 10% of its
cash holdings in Bitcoin around
three months ago. Real Vision joins the growing list of companies that have
invested in Bitcoin.
Most notably business
intelligence firm MicroStrategy and payments company Square announced their
investments earlier this year. Which has led to a trend of companies buying
up bitcoin. According to BitcoinTreasuries,
the known firms that have invested in Bitcoin collectively hold 243,000
Bitcoin, worth a total of $4.5 billion. Real Vision invested its cash
holdings in Bitcoin using crypto lending service BlockFi. It also lends out
its Bitcoin using the service, which currently offers 6% APY.
