By Susie Violet Ward · Forbes · 3 January 2024
Marking the 15th anniversary of bitcoin’s Genesis Block in January 2024, the article profiles businesses that had built bitcoin into their operations, citing MicroStrategy and its Executive Chairman, Michael Saylor, as the leading example, with returns of about $2 billion at the time. Real Bedford football club, under Peter McCormack, allocated a small share of its turnover to bitcoin and used it for sponsorship and fan engagement, and CoinCorner, an Isle of Man exchange led by Danny Scott, had held bitcoin on its balance sheet since 2014.
Coach Carbon Life, led by Josias Carbon, accepted both fiat and bitcoin payments through CoinCorner’s business services, while Solidi, an FCA-registered UK exchange led by Jamie McNaught, emphasised regulatory compliance. The article also notes new Financial Accounting Standards Board rules allowing companies to value bitcoin at its market price rather than the lowest price since purchase.