In recent years, the increasing performance of Bitcoin as a viable financial instrument has been undeniable. That has led to large companies like Elon Musks Tesla (TSLA) to buy and keep the leading cryptocurrency. Subsequently, the latest reports have signaled that Nvidia (NVDA) may be the next company that has added Bitcoin to its balance sheet.
AI Chipmaker is among the most important companies in the world. During much of 2024, it was the most valuable company and had long been expected to exceed a market value of $ 4 trillion. The question is, are rumors true about the company that buys BTC sometime this year?
Is Nvidia the last company to buy at Bitcoin?
Michael Saylor’s strategy appeared as perhaps the first company that really included a bitcoin accumulation strategy. The move led to increased interest in business, which companies like Microsoft (MSFT) regarded such an act. Now the digital asset sector is now constantly in search of companies that may have followed a similar path.
Earlier this month a rumor began to swirl around on X (formerly Twitter) The Nvidia added Bitcoin to its balance sheet. Specifically, it was confirmed by the belief that it was regarded as a hedge against inflation and a struggling dollar. The clearest place to look for answers is its latest results report.
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That leaves the claim with a lack of evidence and is probably false. The only real hope for a turnaround lies in its upcoming performance report at the end of May. It can show off some Bitcoin purchases that verify what has been reported. Until then, it is still a rumor.
In addition, with the lack of US Securities and Exchange Commission (Sec) applications, it is unlikely that this has been the case. Although it may change in the future, to this point, Nvidia has not yet added Bitcoin to its balance sheet.
