Should Nokia invest $7.2 billion in Bitcoins and what would happen if they did?

[cryptocoinsnews]

Microsoft has announced that it plans to acquire Nokia’s devices and services business, as well as license its patents and mapping services in a $7.2 billion deal.

The transaction, expected to close in the first quarter of 2014 pending approval from Nokia’s shareholders, will be paid in cash. Microsoft will pay $5 billion to buy the devices and services division and $2.2 billion to license the patents.

This gives Nokia a huge amount of funds that they can use to re-invest in their core business which is phones. What? Wait a second. They just sold their phones to Microsoft. So what will they now do with their massive stack of cash?

What if they invested the 7.2 billions in Bitcoins and other cryptocurrencies and became the leading tech company in the world for both mining, Bitcoin-related services and holdings. What would this do for the Bitcoin-community?

http://www.cryptocoinsnews.com/2013/09/03/should-nokia-invest-7-2-billion-in-bitcoins-and-what-would-happen-if-they-did/

Discuss below.

[LiteCoinGuy]

haha, nice idea but for such a big company its to risky i guess. but they could invest a tiny part of the 7.2 $ billions, that would be nice. like google did.

what do you think ;-) ?

[wopwop]

I agree with your opinion




NOT... stupid blog

[posormo]

wow, thanks for pasting the entire story and linking to the lame blog.   My opinion, they'd be muppets for pissing away 7.2 billion on bitcoin.  Almost as stupid as that blog.

[Bitcoinpro]

As far as i knew Nokia owns GSM and would be considered one of the most valuable companies in the world, don't ask me why its almost a penny stock and being bought by Microsoft for only 7.2 Billion

[Bitcoinpro]

they have total assets and equities of 50 Billion, how can the company be bought for so little, Nokia have never even really tried to compete with Apple and Samsung IMO

[yakuza699]

well not 7.2 billion but at least 100 millions it would be great for them and bitcoin i think.

[greyhawk]

As for Nokia and Bitcoin: Why would they? Nokia can now focus on their core business which has long been tires. Yes, they make tires, and have been for decades.

Actually, no, that's Nokian Tyres, which came from the same "Ur"-company as Nokia originally, but have been an independent company for 20 years.

[Voogru]

As for Nokia and Bitcoin: Why would they? Nokia can now focus on their core business which has long been tires. Yes, they make tires, and have been for decades.

Actually, no, that's Nokian Tyres, which came from the same "Ur"-company as Nokia originally, but have been an independent company for 20 years.

Nokia makes tires? I bet they never go flat!

[DeathAndTaxes]

They also do (or did) make rubber boots.  Nokia the corporation has existed for far longer than cellphones have.

[Ekaros]

Nokia has been involved in many fields.

Not really, investing in BTC would be waste... Better let investment banks do that stuff...

[CurbsideProphet]

Nokia has shareholders to answer to, at this juncture no public company is going to invest massively in Bitcoin.  It will be people like the Winklevii for the foreseeable future until they make a strong ROI and we see significant adoption.

[Rassah]

Nokia would have to convince shareholders. If there were already enough people convinced to go along with investing billions in bitcoin, Bitcoin wouldn't need Nokia to do it.

[cryptocoinsnews]

that shouldnt be a big problem..

[Jace]

How would they "invest" in Bitcoin. Buy a mining rig farm? Buy a fuckton of bitcoins? Setup and launch a big mainstream payment service provider (+marketing) that handles Bitcoin payments?

[saif313]

Nokia will never going for this risk its big amount and mining need very little tiny for this

[fuggedit]

What would happen if a frog had wings?


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-It wouldn't bump its ass a' hoppin'

  Hey Now!

[Danilo]

7.2 million would be a good start
As for the billion .. maybe in a few years...

[LittleD]

yes, they should ~BTC neeeeeeeeeeeeds more exposure if we want BTC to one day hit 500BTCBTCBTC

[madmadmax]

It would most definitely be bad news, also the philosophical question of how can they sink 7.2bill into a (free) decentralized network.