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UK Online Retailer buys Bitcoin for Balance Sheet

Flooring Hut, an online carpet and flooring retailer based in the UK, has followed in the footsteps of Tesla, Microstrategy, and Real Bedford by investing in Bitcoin and adding it to their balance sheet. The company sees Bitcoin as an asset with the best potential for growth of their capital reserves at the moment. Flooring Hut has decided against keeping their cash reserves in a bank account, as Bitcoin could provide the greatest potential for providing returns which ultimately delivers greater value for customers. The company plans to keep the Bitcoin in cold storage to resist rug pulls and will explore the implementation of Bitcoin Lightning Network payments to complement its online payment options.

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