UK carpet and flooring retailer Flooring Hut adds Bitcoin to its balance sheet

ChainCatcher news, according to Cointelegraph, UK carpet and flooring online retailer Flooring Hut has purchased Bitcoin and incorporated it into its balance sheet. Flooring Hut CEO Paul Brewster stated in an interview, "We believe Bitcoin may be the asset with the most potential to increase our capital reserves right now."

According to data from Companies House, the official body responsible for maintaining the UK company register, Flooring Hut's accounts starting from 2023 show that the company has cash reserves of £75,105, which at the time of publication could approximately buy 3.3 Bitcoins. (source link)