top | item 26064633

(no title)

andysinclair | 5 years ago

Here is the key paragraph from todays 10k. It also mentions gold related assets. (https://www.sec.gov/Archives/edgar/data/1318605/000156459021...):

"In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt."

discuss

order

ed25519FUUU|5 years ago

You’ll notice that even if they accept Bitcoin as payment, they’ll never price anything in Bitcoin. Nobody does that. They always price it in dollars and accept Bitcoin at the market rate.

When people start pricing things I’m Bitcoin without doing some daily calculation, that’s when you know it’s serious.

koheripbal|5 years ago

You will never be able to price anything in Bitcoin, ever. It's volatile because deflationary currencies are inherently volatile.

The future of finance is in some future crypto that provides for economic-growth-based inflation/deflation of the money supply. The Fed does this manually, and that's what keeps USD more-or-less stable.

sixQuarks|5 years ago

Do people price things in gold? So, is gold not a serious thing?

wickoff|5 years ago

Bitcoin is too volatile to be useful as a currency, it is too volatile because its market cap is so small.

bob33212|5 years ago

All global companies with cash reserves "Maximize returns on Cash" via currency and other investments and hedges.

MrMan|5 years ago

The intention of cash management is hedging to facilitate commerce and protect the balance sheet, not speculation.