Explainer: Bitcoin on your balance sheet? Here's what you need to know


FILE PHOTO: A representation of virtual currency Bitcoin and U.S. One Dollar banknotes are seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic

LONDON/NEW YORK (Reuters) - Large companies from carmaker Tesla Inc to business intelligence firm MicroStrategy Inc have swapped billions of dollars in cash for bitcoin in recent months.

Yet hurdles remain for the quick dawn of a wider trend of major corporations holding bitcoin, from the cryptocurrency's volatility to reputational risk, financial chiefs and accountants told Reuters. Main story:

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