The Bitcoin Business Newsletter | Cathedra Adopts Bitcoin for Treasury

Key insight

‍

Cathedra Bitcoin Announces Bitcoin Treasury Strategy

‍

This week, the publicly traded company Cathedra Bitcoin announced that it has adopted Bitcoin as its primary treasury reserve asset. Their reasoning should be considered by all decision-makers who have a fiduciary duty to preserve shareholder value. If you lack a Bitcoin strategy, you're eroding your capital base.

Bitcoin is simply superior technology. The world constantly evolves through technological advancements, and those who seize these opportunities gain an edge. Consider paradigm-shifting innovations like petroleum, electricity, computers, and the internet. Companies that failed to adopt these technologies faded into irrelevancy.

‍

Sound Money and Strong Foundations

In the coming decades, we believe Bitcoin will likely be viewed in a similar light. We'll collectively wonder why we were once so apprehensive about it, and it will seem inconceivable how we managed to survive without it in the first place. Sound money forms the bedrock of a thriving civilization.

It can also serve as the foundation of a sound company.

The next generation might very well ask: "Wait, so you just bought sovereign debt from a bankrupt and fiscally irresponsible government, effectively earning a negative 3% real yield?" This will seem as ludicrous and archaic as it truly is.

‍

Who else is putting Bitcoin on their balance sheet?

We encourage our readers to look at other companies that have chosen to adopt Bitcoin as part of their treasury reserve strategy. All of them have been an extraordinary success.

Consider the following shareholder letters and resources addressing Bitcoin strategies:

• Stoneridge’s infamous 2020 shareholder letter
• Semler Scientific announces Bitcoin treasury strategy
• MicroStategies 2022 proxy statement
• Blocks Bitcoin Blueprint For Corporate Balance Sheets
• Metaplanet Adopts Bitcoin as a Reserve Asset

‍

BlackRocks latest whitepaper

Another noteworthy development was BlackRocks newest whitepaper that took the financial world by storm. Our key takeaways can be found here.

Exploring Bitcoin as a unique diversifier | BlackRock

Discover why bitcoin’s appeal to investors may lie in its detachment from traditional risk and return drivers

www.blackrock.com/us/financial-professionals/insights/bitcoin-unique-diversifier

‍

‍

‍

‍

Top News Stories

‍

Fed's rate decision looms with 63% odds favoring a cut

The current rate probabilities show a 63% chance of dropping the rate at 475-500 basis points and a 35% chance of keeping it at 500-525.

‍

BTC Miner Cathedra Shifts Focus to Bitcoin Acquisition Strategy – Bitcoin News

Cathedra Bitcoin has announced a shift in its corporate strategy, moving away from bitcoin mining to focus on growing its bitcoin holdings.

‍

MicroStrategy Buys 18,300 Bitcoin for $1.1 Billion, Raising Holdings to 244,800 BTC – Bitbo

MicroStrategy has purchased an additional 18,300 Bitcoin, bringing its total holdings to 244,800 BTC, worth about $14 billion.

‍

MicroStrategy Announces $700 Million Raise To Redeem Debt and Purchase Bitcoin

MicroStrategy plans to use the proceeds from the offering to repay its 2028 Senior Secured Notes and acquire additional Bitcoin.

‍

UK Parliament Proposes Bill To Classify Bitcoin and Crypto as Personal Property

The proposed law seeks to establish clear legal guidelines and safeguard the rights of Bitcoin and digital asset holders.

‍

Other noteworthy news

🎫Unchained and University Impact Debut First-Of-Its-Kind Bitcoin-Native Donor-Advised Funds (DAFs) to Maximize Tax-Efficient Philanthropy

🌱Japanese power giant Tepco explores ‘green’ Bitcoin mining: Report

📟El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025

🧧Bhutan fourth largest Bitcoin holder among countries with 13,029 BTC stash

‍

‍

‍

Recommended Articles & Resources

‍

Exploring Bitcoin as a unique diversifier | BlackRock

Discover why bitcoin’s appeal to investors may lie in its detachment from traditional risk and return drivers

A fantastic whitepaper from the worlds largest asset manager looking at Bitcoin.

‍

3 Reasons I'm Investing in Bitcoin

Originally published: July 16, 2020 Blockchain-based cryptocurrencies have been around for over a decade, since the release of Bitcoin in early 2009. While the asset class has grown considerably, it remains relatively small and highly volatile, so deciding whether to insert a small bit of Bitcoin or other cryptocurrency exposure into a portfolio allocation can […]

This article is a comprehensive discussion about Bitcoin, specifically focusing on its historical development, market dynamics, and the rationale behind investing in it.

‍

‍

‍

Recommended Podcasts

‍

239. Michael Saylor's 4 years of bitcoin

After having spent his first full 4-year cycle in Bitcoin, the one and only Michael Saylor is back on the Bitcoin Standard podcast. Excellent signal for leaders interested in Bitcoin.

‍

‍

#504: Bitcoin Is More American Than The Dollar with Parker Lewis

Marty sits down with Parker Lewis to discuss how fiat money corrupts the structure of the US government and how bitcoin fixes this.

‍

‍

‍

Chart of the Week

This chart measures the risk-adjusted return of Bitcoin.

‍

‍

‍

“Only invest [in Bitcoin] what you can’t afford to lose.”

– Michael Saylor

‍

Stay Informed — Join Our Newsletter Here