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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Microsoft has no plans to make Tesla-like move into Bitcoin, says president

Microsoft president Brad Smith did not exclude the possibility of the company putting Bitcoin on its balance sheet one day.

Microsoft, the second-largest company in the United States, does not apparently have any short-term plans to put Bitcoin (BTC) on its balance sheet, according to the firm’s president Brad Smith.

In a Feb. 16 interview with CNN’s Julia Chatterley, Smith still hinted that Microsoft could still change its mind about a Bitcoin investment.

When asked whether Microsoft is discussing any cryptocurrency diversification plans following Tesla’s $1.5 billion investment in Bitcoin, the Microsoft president said that he is not aware of such discussions:

“I haven’t heard any new conversation about Bitcoin. But let me just say, if we change our investment policy on Bitcoin, Julia, you will be the first or at least the second to know.”

Bitcoin's market capitalization is inching higher to overtake some of the largest American companies. As previously reported, Bitcoin market cap surpassed Tesla’s at around $808 billion shortly after the company announced its massive Bitcoin investment.

Following Bitcoin’s historical move to hit above $51,000 on Feb. 17, 2021, Bitcoin’s market capitalization stands at $948 billion at the time of writing. Bitcoin would need to double its market cap to reach Microsoft’s, which amounts to $1.8 billion at publishing time.

Market capitalization of Bitcoin vs. major firms. Source: AssetDash

On Feb. 12, JPMorgan Chase co-president Daniel Pinto claimed that the company will eventually have to get involved in Bitcoin due to surging demand. Previously, JPMorgan strategists argued that Tesla’s BTC purchase will not necessarily trigger a ton of similar investments due to Bitcoin’s high volatility.

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