Canadian restaurant chain reports earning 300% gains on BTC

More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into , the owner reported the move helped save the business during the pandemic.

According to a Tuesday report from Canadian news outlet Toronto Star, when Tahini’s restaurant owners Aly and Omar Hamam and their cousin Ahmed decided to convert the company’s savings into Bitcoin (BTC) in August 2020 because it offered “a much better alternative to saving cash,” the price of the crypto asset was roughly $12,000. Aly Hamam reported the business had benefited from the initial crypto investment.

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