Exciting news in the world of corporate Bitcoin adoption! BTC Inc. and Strategy Inc. (Nasdaq: STRF/STRC/STRK/STRD/MSTR) have just announced a five-year extension of their strategic partnership for the Bitcoin for Corporations (BFC) initiative. This collaboration is set to drive global corporate Bitcoin adoption through 2030, with BFC currently uniting 38 member companies holding a collective 69% of all corporate Bitcoin.
Empowering Corporate Bitcoin Integration
Expanding Global Reach
The renewed partnership solidifies BFC as the go-to platform for Bitcoin treasury companies, service providers, and capital allocators striving to embed Bitcoin into corporate balance sheets. With its footprint now spanning across North and South America, Europe, and Asia/Oceania, BFC is making waves on a global scale.
Optimizing Corporate Bitcoin Inclusion
Enhanced Collaboration Opportunities
This partnership extension isn't just about renewing vows; it's about offering executive-level networking, investor relations support, and tailored educational resources for corporations venturing into the Bitcoin realm. Members get exclusive access to a vetted network of service providers and tailored programming at international Bitcoin events.
Enthusiastic Endorsement
Strategy CEO, Phong Le, is thrilled about the extended partnership, emphasizing the commitment to accelerating corporate Bitcoin adoption. The shared mission between Strategy and BTC Inc. is a testament to their dedication to fostering Bitcoin integration in the corporate world.
Building Confidence in Bitcoin
Driving Institutional Support
The growing pace of corporate Bitcoin adoption underscores the confidence in Bitcoin as a treasury reserve asset. This partnership renewal signifies the increasing institutional trust in Bitcoin and the necessity for structured support as businesses navigate the Bitcoin landscape.
Transitioning into a new era of corporate finance, BFC will offer invaluable research, case studies, and educational resources to guide corporate leaders in implementing Bitcoin treasury strategies tailored to their markets and jurisdictions.
Empowering the Bitcoin Ecosystem
About BTC Inc.
As the force behind Bitcoin Magazine and The Bitcoin Conference, BTC Inc. is at the forefront of driving Bitcoin adoption globally. Based in Nashville, BTC Inc. creates media, data, events, and advocacy tools that propel Bitcoin into the mainstream.
About Bitcoin for Corporations (BFC)
Bitcoin for Corporations, BTC Inc.'s flagship initiative, equips corporations with the resources needed to seamlessly integrate Bitcoin into treasury and operations. By providing education, strategic guidance, and access to a network of industry professionals, BFC supports organizations in embracing the future of finance.
About Strategy
Strategy Inc. (Nasdaq: STRF/STRC/STRK/STRD/MSTR) stands as a pioneer in the Bitcoin Treasury realm. By advocating for Bitcoin as a primary treasury reserve asset, Strategy is leading the charge in digital capital adoption. Through innovative analytics software and a commitment to digital asset growth, Strategy is shaping the future of enterprise analytics and digital asset management.
Join us in this exciting journey towards a more Bitcoin-integrated corporate landscape. Let's shape the future of finance together!
Frequently Asked Questions
Can I have physical possession of gold within my IRA?
Many ask themselves whether they can physically possess gold in an IRA account. This is a fair question because there isn't any legal way to do it.
But when you look closely at the law, nothing stops you from owning gold in an IRA.
Most people don’t realize just how much they could save by putting your gold in an IRA, rather than keeping it at home.
It's easy to throw away gold coins but not so easy to put them in an IRA. If you decide that you want to keep your gold at home, you'll be responsible for two tax payments. You will pay taxes twice: once to the IRS and one for the state in which you live.
There are two ways to lose your gold: pay taxes twice and keep it in your house. So why would you choose to keep it in your home?
Some might argue that gold should be safe at home. You can protect your gold from theft by storing it somewhere more secure.
If you plan on visiting often, you shouldn't leave your precious gold at home. Theft can easily take your gold when you're not home.
You can store your gold in an insurance vault. Your gold will be safe from fire, flood and earthquake as well as robbery.
A vault can also be beneficial because you don't need to pay property tax. Instead, income tax will be charged on any gains made from the sale of your precious metal.
An IRA is a way to avoid paying taxes on gold. You don't pay income tax on the interest you earn with an IRA.
Capital gains tax doesn't apply to gold. That means you have the right to cash your investment at whatever time you choose.
Federally regulated IRAs mean that you won't face any difficulties in transferring your gold to another bank if it moves.
The bottom line is: You can own gold in an IRA. Fear of theft is all that holds you back.
What are some of the advantages and disadvantages to a gold IRA
For those who don't have the ability to access traditional banking services but want to diversify their portfolios, a gold IRA can be a great investment option. It allows you to invest in precious metals such as gold, silver, and platinum without paying taxes on any gains until they're withdrawn from the account.
However, early withdrawals of funds will incur ordinary income tax. However, creditors will not be able to seize these funds if you default on your loan.
So if you like owning gold without worrying about taxes, a gold IRA may be right for you.
Are gold IRAs a good option for investment?
Purchase shares in mining companies to invest in precious metals like gold. These companies can make you money by investing in precious metals and gold.
The downside to owning shares is that you can't directly control them.
The first is that you could lose money if your stock is held on for too long. Stocks can fall more than their underlying asset (like, gold) when they decline. This could mean that you lose money rather than making it.
Second, waiting for the market to recover before selling your gold holdings could result in you missing out on potential profits. Be patient and wait for the market's recovery before you make any profits from your gold holdings.
If you prefer to keep your investments apart from your finances, physical gold is still an option. An IRA in gold can diversify your portfolio and protect you against inflation.
Visit our website to find out more about investing in gold.
Statistics
- You can only purchase gold bars of at least 99.5% purity. (forbes.com)
- SEP-IRA”Simplified employee pension” For self-employed people like independent contractors, freelancers, and small-business ownersSame tax rules as traditional IRASEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less4. (sltrib.com)
- Depending on your financial situation, most experts recommend you invest no more than 5% to 10% of your retirement funds in precious metals. (forbes.com)
- To qualify as IRA allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. (stratatrust.com)
External Links
takemetothesite.com
forbes.com
- Gold IRA, Add Some Sparkle to Your Retirement Nest egg
- Understanding China's Evergrande Crisis – Forbes Advisor
wsj.com
regalassets.com
How To
Things to Remember: Best Precious Metals Ira, 2022
Precious Metals Ira remains one of the most sought-after investment options. This article will provide information on how to understand the appeal of precious metals ira and make sound investment decisions.
These assets' main appeal is their potential for long-term, sustainable growth. Historical data shows that gold prices have experienced incredible returns. Over the past 200-years, gold prices have gone from $20 per ounce up to $1900 per ounce. Comparatively, the S&P 500 Index has only grown by approximately 50%.
During economic uncertainty, gold can also be considered a refuge. Stock market downturns cause people to sell their stocks and seek safety in gold. As an inflation hedge, gold is also thought to be a good investment. Many economists believe that there will always be some degree of inflation. Therefore, they see owning physical gold as a way to protect your savings from future price increases.
There are a few things you need to remember before purchasing precious metals like silver, gold or platinum. First, you should know whether you want to invest in bullion bars or coins. Bullion bars are often purchased in large quantities (like 100 grams) and stored until needed. The coins are smaller versions than bullion bars and can be used to purchase small quantities of bullion.
Second, consider where you want to store your precious materials. Some countries are safer then others. It might make sense to store precious metals in another country if you reside in the US. If you are thinking of storing your precious metals in Switzerland, however, you might be wondering why.
The final decision is whether you want to either invest directly in precious or through “precious metallics exchange-traded fund” (ETFs). ETFs can be financial instruments that track different commodities' performance, such as gold. These instruments can be used to expose you to precious metals without needing to own them.
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