BM: Flexport holds Bitcoin on its balance sheet

Bitcoin Magazine reports:

Ryan Peterson, CEO of Flexport, a global supply-chain logistics company that focuses on connecting the entire global trade ecosystem, tweeted to the world that bitcoin sits securely on their balance sheet.

When asked what percentage of their $1.6 billion balance sheet was in bitcoin, Peterson responded, “We don’t disclose that, but it’s not zero.”

This announcement comes from a thread where Peterson discussed the ability of the company to navigate turbulent waters with current market tensions.

“Never a dull moment in our industry”, Peterson said. “Flexport is fortunate to have over $1.6 billion in net assets on our balance sheet to allow us to continue to play offense while protecting the interests of our customers, employees, and shareholders through the volatility, uncertainty, and chaos…”

To read the full post, please click here.