Companies BUYING BITCOIN!! What To Look Out For!!

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Crypto: Coin Bureau
August 21, 2021

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Essential Videos

Bitcoin Lightning Network Explained https://youtu.be/J3cQNpOR_a0
Crypto Mining And The Climate https://youtu.be/DidAwxWaDKI
Weekly Crypto Review https://youtu.be/PX8tTfaTyHk
Cashless Society Dystopia https://youtu.be/2Y2EBQxYUok

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- TIMESTAMPS -
0:00 Intro
1:43 Microstrategy
3:25 Square
5:19 Tesla
8:09 Coinbase
9:58 When Are Company BTC Purchases Announced?
10:47 Twitter
11:40 PayPal
12:59 Apple
14:27 Amazon
16:07 Walmart
17:25 Conclusion

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️ Useful Links ️

► Microstrategy’s May Sell Stock To Buy BTC: https://cointelegraph.com/news/following-massive-btc-purchase-announceme...
► Square Has No Plans To Buy More BTC: https://www.barrons.com/articles/square-bitcoin-51620997374
► Tesla Sells Some BTC: https://cointelegraph.com/news/tesla-books-huge-profit-from-bitcoin-sale...
► Coinbase’s Crypto Holdings: https://www.cnbc.com/2021/02/25/coinbases-crypto-holdings-jumped-ninefol...
► Quarterly Reports Explained: https://www.investopedia.com/ask/answers/122214/what-quarterly-report.asp
► CEO Jack Dorsey Says Twitter Must Invest Aggressively In BTC: https://bitcoinmagazine.com/business/bitcoin-jack-dorsey-twitter-earning...
► PayPal Crypto Super App Set To Launch: https://cointelegraph.com/news/paypal-s-crypto-super-app-set-to-roll-out...
► Apple Crypto Payments Job Posting: https://cointelegraph.com/news/apple-seeks-to-hire-alternative-payments-...
► Amazon Exploring Cryptocurrency Payments: https://decrypt.co/76776/amazon-says-exploring-cryptocurrency-payments
► Walmart Crypto Payments Job Posting: https://cointelegraph.com/news/walmart-seeks-crypto-product-lead-to-driv...

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Microstrategy

Since last August, Microstrategy has accumulated a whopping 105 thousand BTC worth over 4.8 billion dollars at today’s discounted prices.
Square

Square purchased of over 4700 BTC in October, and Square has purchased an additional 3.3 thousand BTC since that time, totaling nearly 400 million dollars

Tesla

Though nobody knows exactly how much BTC Tesla actually owns, this is estimated to be somewhere in the neighborhood of 40 thousand BTC

Coinbase

Coinbase holds an estimated 4 and a half thousand BTC on its balance sheets in addition to an estimated 23 thousand ETH, together totaling over 300 million dollars

This doesn’t count the 100 million or so dollars Coinbase holds in other as of yet undisclosed cryptocurrencies

When Are Company BTC Purchases Announced?

Usually, companies will release the earnings reports for each quarter 1-2 weeks after the quarter ends, so that’s mid-March, mid-June, and mid-September. This means we could see more BTC purchases announced in mid-September 2021

Twitter

This is because Square CEO Jack Dorsey is also Twitter’s CEO, and he recently told Twitter shareholders in call that they must ‘invest aggressively in Bitcoin’

PayPal

PayPal is reportedly even looking to integrate DeFi and will soon be releasing a QUOTE ‘super app wallet’ which will hopefully feature the deposit and withdrawal functionalities PayPal promised to implement earlier this year

Apple

A job posting by Apple in late May looking for a business development manager specialized in alternative payment methods suggests that Apple will soon accept BTC, and holding BTC could be on the horizon if this happens

Amazon

Amazon recently announced it was looking hire an expert to help them ‘explore’ cryptocurrency payments. Like PayPal and Apple, this could create a slippery slope to Amazon holding BTC on its balance sheets

Walmart

This is because of a recent job posting which is likewise looking for someone with extensive experience in cryptocurrency to be Walmart’s Digital Currency and Cryptocurrency Product lead

What struck me about this job posting is that it specifies the ideal candidate will ‘identify crypto related investments and partnerships’. Sounds like BTC to me!

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Disclaimer

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Bitcoin #BTC #Coinbase #Microstrategy #tesla #companies

The views or opinions expressed in the broadcasts are solely those of the individuals involved and do not necessarily represent those of INK Research and Canadian Insider.