Underarm CFO Case to Convert Bitcoin Swing Crypto to Cash


Photographer: Yuriko Nakao / Bloomberg

Wall Street finance executives who were looking to divest some of their company’s cash reserves into bitcoin received a heat check this week.

Chief financial officers, not commonly known as risk-loving bunch, look at bitcoin Sync over 25% in a 24-hour period from Sunday. Burning a hole of that size into a corporate rainy day fund would end the career of almost any S&P 500 firm.

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