More and more companies are adding bitcoins to their ledgers.

in #bitcoin3 years ago

According to SEC filings, US auto insurance company Metromile became the latest Nasdaq-listed company to invest in Bitcoin.

“In the six months ending June 30, 2021, the company has purchased a total of $1 million in digital assets, which are made entirely of Bitcoin.”

The document did not disclose the exact amount of Bitcoin, but added that the value of its holdings has since declined by $1 million from the time of purchase. It was nine million dollars."

At the time, Bitcoin was worth around $35,000, suggesting that Metromiles owns about 26 Bitcoins. If the company were still holding it, it would be worth nearly $1.2 million today.

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