Another physical company has started accumulating Bitcoin! Robin Energy from Cyprus, a shipping company listed in the United States, has just spent 3 million dollars to buy Bitcoin and officially launched its own Bitcoin reserve strategy.
Although 3 million dollars may not seem like a significant amount, for a physical enterprise focused on international energy transportation to include Bitcoin as a reserve asset is a crucial signal. It is important to note that the shipping industry deals with global currency settlements year-round and is highly sensitive to exchange rate fluctuations and asset preservation. Their willingness to convert real money into Bitcoin as reserves indicates a tangible increase in the recognition of this asset.
Previously, whether it was tech companies or financial institutions buying Bitcoin, people might have thought it was just an 'insider game', but now even traditional industries like shipping are starting to get involved. This suggests that Bitcoin's penetration among institutions is becoming increasingly widespread, and it seems that the momentum for this reserve strategy is growing stronger. $BTC