Whilst making the announcement, the firm also revealed that it will add an extra $5 million worth of Bitcoin to its own balance sheet; an investment it plans to hold for many years.
The Motley Fool gave three primary reasons guiding its decision to invest in Bitcoin. For one, it believes that Bitcoin is a better store of value than gold in the long-term. Bitcoin also has the potential to become a recognized medium of payment if prices stabilize in the future. Finally, Bitcoin can function as a hedge against inflation.
The firm ended its announcement with a direct jab at Bitcoin ETFs, calling them overpriced. The Motley Fool wrote:
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Source: Cryptocurrency - investing.com
