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⚈ The speculation gained momentum after Strategy (formerly MicroStrategy) announced a new Bitcoin purchase of 1,895 BTC for $180.3 million.
⚈ Despite Nvidia’s crypto mining history, its latest earnings report focuses solely on AI and data centers, with Bitcoin trading lower at $94,168.
Social media platforms, particularly X, have been flooded with rumors suggesting that chipmaker Nvidia (NASDAQ: NVDA) might be planning to add Bitcoin (BTC) to its balance sheet.
Several reports claimed the artificial intelligence (AI) giant had already announced plans to incorporate Bitcoin, portraying the move as a strategic hedge against market volatility and fiat currency depreciation.
The rumor, which originated on May 1, quickly gained traction and was picked up by various cryptocurrency-focused blogs.
Given Nvidia’s massive market presence as the world’s third-largest company, it would be interesting to see whether its stock could eventually mirror the trajectory of Strategy, whose shares have skyrocketed over 3,000% since adopting a Bitcoin strategy in 2020, outpacing Nvidia over the same period.
Featured image via Shutterstock
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