What the Top 100 companies in the US are saying about Crypto and Blockchain
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In the United States, the top companies in the country are usually defined as those listed on the stock exchanges, such as the NASDAQ or Dow Jones. Collectively, they are referred to as Wall Street. Given the power and influence of these companies, what they say and do, and how they react to natural disasters, changes in legislation or currently Presidential tweets holds a lot of weight.
As far as market capitalization is concerned, the Fortune 500 list has long been the measuring stick for the wealthiest companies in the country. Most of these countries raise money through the sale of stock, and thus are public. One of the many responsibilities of public companies is to release earnings and financial data, strategies and more to stock holders, the Securities and Exchange Commission and the general public. The release of this information comes across many documents, however, two particular documents provide a wealth of information. These are the 10-K and the 10-Q.
Today, there are a lot of headlines speculating on companies adopting cryptocurrencies or using blockchain. However, while these headlines often border between news and rumors. These headlines also often times don’t even reference any public disclosures or otherwise announcements from individuals in or representing the company. Despite the seemingly endless swirls of speculation, one can look at the aforementioned documents to see what companies are saying to their investors in regards to cryptocurrency and blockchain.
For the sake of this article, I looked at the top 100 of the Fortune 500 and searched for four terms and their derivatives. These terms include, “crypto,” “Bitcoin,” Blockchain,” and “smart contracts.” I searched 10-Ks, which are annual documents that are required by law to be sent to the SEC and available to investors by publicly held companies. This document is typically found on a company’s website under “Investor Relations,” and may come alone or be included in the company’s annual report. Because annual reports are made available at different times of the year depending on a company’s fiscal calendar, I also searched each company’s most recent 10-Q. A 10-Q is the company’s required quarterly documentation, but usually includes much less data and information than the 10-K.
To the results.
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