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“We Hold Bitcoin”: Samson Mow Reveals How His Company Earns
In a recent interview, Samson Mow, the entrepreneur behind JAN3, shocked many by revealing that his company generates revenue through holding Bitcoin. When asked about how JAN3 earns its revenue despite providing a range of services and having investors like Tether and NYDIG, Mow provided a simple yet impactful response: “We hold Bitcoin.”
This straightforward answer highlights the importance of holding the world’s most popular cryptocurrency in one’s portfolio, especially for companies that provide complementary services. By diversifying their assets, JAN3 has secured a remarkable 15.56% profit just one month after purchasing its Bitcoin stash.
According to reports, the company acquired 12 BTC in January this year as part of establishing its treasury after securing a $5 million investment round. The purchase price per BTC was around $83,333. As of today, the value of those same coins is over $1.15 million.
Mow’s response not only showcases his company’s financial strategy but also demonstrates the power of holding Bitcoin. It seems that JAN3 has taken a cue from the age-old adage “if you can’t beat them, join them.”
Source: u.today
