Foreign Exchange/Currencies

Tesla Inc.'s purchase of $1.5 billion in bitcoin may begin forcing cryptocurrencies onto the agenda of corporate treasurers worldwide. Or it may not.

Storing corporate cash in cryptocurrency is either a smart strategy or a choice that threatens the very existence of the corporation.

In business since 1851, the insurer also takes a $5 million minority equity stake in NYDIG, a provider of cryptocurrency custody services.

In 2020, digital currencies strongly outperformed other assets.

3 key questions corporate treasury teams should be asking in today's volatile market.

"It's more important for the United States to get it right than to be first," says Chairman Powell.

In Q1/2020, FX volatility reduced earnings of nearly one-quarter of multinationals based in North America or Europe, suppressing earnings in aggregate by more than $12 billion.

Currency volatility is a headache for companies looking to reduce their supply chain's reliance on China.