Today news
About the same in other media
Insurance Company Lemonade Bets On Bitcoin To Diversify Assets
Reading now: 503
cryptonews.comIn another example of a business that seeks to diversify its portfolio with crypto assets, US insurance company Lemonade has purchased bitcoin (BTC) for its balance sheet, as indicated by a recent regulatory filing.
During the first nine months of this year, the firm acquired a total of USD 1m in digital assets comprised solely of bitcoin. Lemonade reported the purchase in an S-4 form that US publicly traded companies file with the Securities and Exchange Commission (SEC).
“The Company currently accounts for these digital assets as indefinite-lived intangible assets in accordance with ASC 350, Intangibles-Goodwill and Other,” Lemonade said in the statement.
“The Company has ownership of and control over the purchased bitcoin asset and uses
Read more on cryptonews.comAbout this in other media
Credit unions are reportedly looking for regulatory approval to hold crypto assets markets.businessinsider.com /2 years ago
USA: Credit unions bank on sentiment to seek approval to hold crypto-assets ambcrypto.com /3 years ago
Bitcoin hits $49K as BTC price gets unlikely boost from Erdoğan’s Turkish lira tinkering cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
