Blockchain is entering its institutional era. And the enterprise treasury function is all eyes and ears to the innovation. For example, news came this week that enterprise software maker MicroStrategy, whose business mission includes buying bitcoin, sold 13.6 million shares, tapping the public markets explicitly in order to fund further purchases of the nominal digital asset. Per a U.S. Securities and Exchange Commission filing on Monday (Nov. 18), MicroStrategy acquired about 51,780 bitcoin at a cost of around $4.6 billion between Nov. 11 and Nov. 17. MicroStrategy also announced on Monday that it will be offering another $1.75 billion of its 0% convertible senior notes due 2029 for sale in order to fund the purchase of more bitcoin. The company currently holds around $30 billion in bitcoin on its balance sheet. While November must have been an exciting time for MicroStrategy’s treasury team, and the headlines harken back to actions taken by firms like Tesla and Block with their own digital asset-heavy balance sheets, today’s treasurers and finance leaders are separately finding out for themselves that blockchain technology holds several key applications across corporate finance as a technology — and not just an asset class. With real-time transparency, reduced costs and streamlined operations, blockchain is reshaping traditional treasury practices. For corporate treasurers navigating a global economy defined by uncertainty and complexity, blockchain technology offers a compelling promise: a transformation of the treasury function from a cost center to a strategic enabler.

Full story : How Blockchain Tech Can Streamline Treasury Operations.