A new trend is forming I think, companies accepting Bitcoin but not converting
back to FIAT. We have seen Tesla make the same announcement and now TIME Magazine.
Looks like these companies are going to be practicing HODL
TIME's Chief Technology Officer, Bharat Krish, said that accepting cryptocurency as a form of payment in the next stage of TIME's digital transformation.
April 12th 2021
TIME will be paid in Bitcoin and the company will continue to hold Bitcoin on its balance sheet. The company will now join the likes of MicroStrategy (MSTR), Tesla (TSLA), Square (SQ) and others who hold Bitcoin on their balance sheets as a store of value assets.