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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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Chainalysis Adds Bitcoin to Balance Sheet — Its First Cryptocurrency Acquisition

Chainalysis Adds Bitcoin to Balance Sheet — Its First Cryptocurrency Acquisition

Blockchain data platform Chainalysis has announced that it is adding bitcoin to its corporate investment portfolio. This is the company’s first acquisition of cryptocurrency, the CEO revealed. Chainalysis is valued at $4.2 billion.

Chainalysis’ First Acquisition of Cryptocurrency

Blockchain data analytics firm Chainalysis announced Tuesday the addition of bitcoin to its balance sheet.

Chainalysis will acquire bitcoin using the brokerage services of the New York Digital Investment Group (NYDIG), the bitcoin investment arm of Stone Ridge Asset Management. NYDIG will also provide custody of the coins purchased. Chainalysis has been NYDIG’s compliance technology partner since 2018.

“Digital assets have emerged as an alternative asset class for consumers, enterprises, governments, banks, and financial institutions,” Chainalysis noted, adding that it “is laser-focused on its commitment to building trust in cryptocurrency as a digital asset.”

Michael Gronager, co-founder and CEO at Chainalysis, commented:

We are thrilled to be adding bitcoin to our corporate investment portfolio … This is Chainalysis’ first acquisition of cryptocurrency, and we will continue to pursue other digital assets as potential future investments.

Chainalysis raised $300 million in the past year, with the most recent fundraising round valuing the company at $4.2 billion, the blockchain data firm added.

A growing number of companies have added bitcoin to their balance sheets. According to a curated list of bitcoin treasuries, the public corporation that has acquired the most BTC is Microstrategy, which is currently holding 114,042 bitcoins. Elon Musk’s electric car company, Tesla, came second with about 42,000 BTC.

What do you think about Chainalysis adding bitcoin to its balance sheet? Let us know in the comments section below.

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