Publicly traded financial services company Investview has added $1 million worth of Bitcoin and altcoins to its balance sheet. Its shares are trading under the INVU ticker on the over-the-counter market.
In February, Investview also bagged a gross revenue of $5.5 million, logging its best month to date.
Investview CEO Joe Cammarata expects that the company will be able to meet its financial objectives by boosting its offering:
Financial education remains a driving force with individual demand growing rapidly especially with greater participation from Gen X and Y. We will continue to enhance our mining operations, expand our educational tools, and increase our offerings to reach our fintech objectives.
Advertisement
The company operates through a series of subsidiaries that specialize in mining, research and providing tools for financial education.
Alex DovbnyaBitcoin treasuries keep getting bigger
Public companies currently hold $77.5 billion worth of Bitcoin in their treasuries.
That said, not a single major public company is yet to copy Tesla's $1.5 billion Bitcoin bet that has already earned more money than a year of car sales.
Some smaller firms have started diversifying their balance sheets with altcoins. As reported by U.Today, Chinese tech firm Meitu purchased $50 million worth of Bitcoin and Ethereum earlier this month.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dan Burgin
Vladislav Sopov