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For months now Thorsten had been talking about integrating cryptocurrency into your small business. He was a huge proponent of Bitcoin1 and experienced set about 5% of his possess portfolio into it. Various weeks back the CEO experienced asked Ankit to obtain his team check into accepting tuition payments and retaining a few of Ivory Tower’s income reserves in crypto.
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And investing earnings in crypto was A different point entirely. Ankit’s head harm just considering the money-reporting challenges. Then there was his fiduciary accountability as CFO: Did shareholders look here actually need Ivory Tower to wager on crypto if doing this may possibly possibility the cash needed in the future for developing superior technological innovation and programs and increasing the corporation’s achieve?
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