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LSE-Traded Mode Adopts Bitcoin as Reserve Asset
UK fintech Mode Global Holdings announced today that it will hold up to ten percent of its treasury reserves in Bitcoin. The cryptocurrency purchase makes Mode the first publicly traded company in the UK to announce significant Bitcoin holdings. Mode joins a growing number of publicly traded companies recently announcing substantial investments in Bitcoin—including US software giant MicroStrategy, and payment processing platform, Square. Mode, which has built a Bitcoin banking app, was listed on the London Stock Exchange exchange earlier this month. It said that its Bitcoin allocation is part of a long-term ... (full story)