Nvidia explores Bitcoin for your treasury? Rumors drive the rally

By Hannah Pérez

Does the third largest company in the world want to invest in Bitcoin? Rumors about a possible Nvidia strategy promote Bitcoin on USD $ 97,000.

***

Rumor on Nvidia exploring Bitcoin for his treasury drives prices.
If confirmed, it would be the first world technological giant to hug Bitcoin for his treasury.
Nvidia is the third largest company in the world behind Apple and Microsoft.
Bitcoin emerged above USD $ 97,000 for the first time in three months.

Does the third largest company in the world want to invest in Bitcoin?

Reports about the alleged plans of Nvidia to adopt a treasury strategy that includes Bitcoin. Various sources report that the giant chips manufacturer, is considering adding an unleashed amount of Bitcoin (BTC) to your balance to improve the financial stability of your business.

However, no official statements have been produced since Nvidia confirming such plans. Nor the most recent financial records of the company show any indication of cryptocurrencies in its balance.

Founded in 1993, Nvidia It is one of the world’s largest technology companies in terms of market capitalization. Dedicated to the design of Graphic Processing Units (GPU) and semiconductors, its business has grown exponentially in recent years as the use of artificial intelligence technology (AI) expands.

The company experienced a growth of more than 200% last year in the midst of the high demand of its products, which are key in the construction of generative AI tools.

The price of the shares of Nvidia (NVDA) In the American Stock Exchange, it tripled a maximum of more than USD $ 150 in 2024. Its market capitalization currently exceeds USD $ 2.77 billion, which places it as the third largest company worldwide.

If a purchase of Bitcoin It is confirmed, Nvidia It would potentially become the first company within the world’s top 5 to hug the cryptocurrency in its treasury, marking significant development in the corporate adoption of Bitcoin.

The first among technological giants in investing in Bitcoin

While numerous public companies around the world have been integrating Bitcoin To their corporate balances, this trend still excludes world leaders as Google, Amazon, goal and Microsoft.

At the end of last year, Microsoft explored the possibility of buying bitcoins for reservation as part of a proposal presented by the president of StrategyMichael Saylor, whose company is a pioneer in corporate investment in Bitcoin and has motivated others to replicate their strategy. However, the technological firm founded by Bill Gates ended up rejecting the proposal in December.

Titans like Tesla have previously invested in Bitcoin for reservation, and recently public companies in other latitudes, such as Metaplenet in Japan and Meliuz In Brásil, they have followed the example.

Even without confirmations, the rumor about the possibility of this movement by Nvidia helped boost the price of Bitcoinwhich on Thursday resumed a local USD $ 97,500, its highest level since February. BTC is negotiated around USD $ 97,200 at the time of writing these lines, 3.6% higher in the day, according to data from Coinmarketcap.

The distinguished cryptocurrency has a market capitalization of USD $ 1.9 billion, which places it as the world’s largest active.

The actions of Nvidia They also rose on Thursday, although possibly for reasons other than rumors related to Bitcoin. NVDA emerged at a price of USD $ 113 as part of a increased of 3.8% in the day, according to Google Financeafter Goal and Microsoft They will raise their projections of capital expenses related to their developments.

Hannah Estefanía Pérez / Diariobitcoin

Image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.