Subnostr

More companies are coming out with similar strategies to $MSTR when it comes to turning balance sheets into #Bitcoin treasuries, but none at the sheer scale that MicroStrategy has accomplished.

How long will this remain the case?

If there were ways to self custody exposure to $MSTR I probably wouldn’t be 100% #BTC.

No one issues bearer shares anymore, but I think it’d be cool if they were brought back.

I refuse to believe bearer shares were “discontinued” due to money laundering and tax evasion. I think it’s more likely the difficulty to trace and debase was the cause to cease.

Financial sovereignty is the antithesis of digital surveillance. #Bitcoin makes things possible that haven’t always been impossible, things that were made impossible by the infringement of our God-given rights.

Crisis is no excuse for this infringement, shutting people and their companies down for critical thinking or questioning the incentives behind crisis farming is still an infringement.

Operation Paperclip ought to have be dubbed Operation Fascist Seed. Its blooms won’t stop their quest for overreach.

“The natural progress of things is for liberty to yield and government to gain ground”

-Thomas ₿efferson

Lucid 1y ago

How can I hold btc on my balance sheet as a small business?

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Discussion

Seth Michael Steele 1y ago

Step 1. Get hardware wallet or reputable custodial service depending on your preferences.

Step 2. Buy #Bitcoin

Step 3. Ensure you have a solid accounting system or consult with an accountant regarding taxes and financial reporting

Step 4. Stay informed in regards to #BTC regulatory environment and comply unless you are willing to make a stand and possibly face the consequences.

Hope this helps, I don’t have a business to do this, but I do work for myself at all of my jobs and run on as much of a bitcoin standard as possible.

If I end up with a small business I would take the balance sheet and convert as much as I could to btc. What was left would just be for running what parts of the business are on/need fiat rails for convenience purposes, accounting would be a lot easier if you only bought as much btc as you didn’t plan on spending soon and leaving what needed to be spent in cash…sometimes easier said than done.