Publicly listed companies together hold around $9 billion of bitcoin, data from the Bitcoin Treasuries website shows. Around 80% is held by Tesla and MicroStrategy, the latter with over $4.5 billion.
LONDON/NEW YORK: When Elon Musk's Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the booming cryptocurrency.
Yet there's unlikely to be a concerted crypto charge any time soon, say many finance executives and accountants loath to risk balance sheets and reputations on a highly volatile and unpredictable asset that confounds convention.
