How Bitcoin Impacts Holding Companies

December 22, 2017
Updated 4mo ago

Seeking Alpha Author Bram De Haas joins Cheddar to discuss how FRMO Corporation benefits from the $12 million it's invested in the cryptocurrency market.

FRMO Corporation is a holding company that is invested directly or indirectly in Ripple, Bitcoin Cash, and Bitcoin. De Haas says he likes this company because it isn't impacted by the bitcoin market. It doesn't matter if bitcoin drops to $0...the company is safeguarded.

FRMO's other investments include OneChicago, Digital Currency Group, CNSX Markets, Miami International Holdings, The Bermuda Stock Exchange, and Horizon Kinetics.