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U.K.’s Mode Invests 10% of Its Treasury Reserves in Bitcoin

Mode is the first publicly traded U.K. company to announce significant Bitcoin holdings. It will hold up to 10% of its treasury in Bitcoin.<br><br>

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U.K.’s Mode Invests 10% of Its Treasury Reserves in Bitcoin

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  1. U.K.’s Mode invests 10% of its treasury reserves in Bitcoin Mode is the first publicly traded U.K. company to announce significant Bitcoin holdings. It will hold up to 10% of its treasury in Bitcoin. Today, U.K. fintech Mode Global Holdings declared that it would hold up to ten percent of its treasury reserves in Bitcoin. The cryptocurrency investment makes Mode the first publicly traded company in the U.K. to declare notable Bitcoin holdings. According to the reports, with interest rates in the U.K. at a record low of 0.1%, Mode states it would also attempt to diversify away from low-interest money market instruments to maximize the number of returns from its current IPO. With the announcement, Mode follows an expanding number

  2. of investments. Additionally, it involves U.S. software giant MicroStrategy and payment processing platform Square. Mode’s Bitcoin Banking App enables easy trading of Bitcoin. Mode, which has developed a ​Bitcoin banking app​, was listed on the London Stock Exchange exchange prior this month. Moreover, it says that its Bitcoin allocation is part of a long-term strategy to preserve investors’ assets from currency debasement. It allows people to quickly buy, sell, and hold Bitcoin while creating income on their investment. Mode raised £7.5 million on its first day of trading on the London Stock Exchange. Additionally, the company’s market cap recently stands at £36.64 million ($46.9 million). Mode has identified Bitcoin’s potential as a stable store of value and an attractive investment due to the asset’s asymmetric risk or reward characteristics and safe-haven status. Moreover, as one of the leading companies with a customer-facing Bitcoin offering to list on the LSE Main Market, Mode’s purpose is to bring further transparency and reliability to the digital asset space. It intends to provide the everyday investors with the possibility to purchase shares in next-generation products. Read More: https://cryptodose.co/u-k-s-mode-invests-10-of-its-treasury-reserves-in-bitc oin/ publicly traded companies, newly declaring productive Bitcoin an early-stage fintech building

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