These companies have adopted “the bitcoin pattern,” according to Nate Geraci.
MicroStrategy is the leading company in this niche, with more than 400,000 bitcoin in its possession.
The investment firm Bitwise filed yesterday, December 26, an application with the United States Securities and Exchange Commission (SEC) to launch the “Bitwise Bitcoin Standard Corporations ETF.”
This fund will group shares of companies listed on the stock market and who hold significant reserves of bitcoin (BTC) in their treasuries.
According to the request, the ETF would invest in companies that own at least 1,000 BTC and meet strict financial criteria, such as a market capitalization of more than $100 million and daily trading liquidity of at least $1 million. Additionally, at least 10% of the company must be in public circulation.
The ETF plans to allocate at least 80% of its net assets to these companiesweighting their selections based on each company’s bitcoin reserves. To ensure diversification, no single security would represent more than 25% of the fund’s total allocation.
Recall that Bitwise also manages the spot bitcoin ETF Bitwise Bitcoin ETF (BITB), issued in January of this year.
MicroStrategy leads the niche
Among the eligible companies is MicroStrategy, which leads this market with more than 444,262 BTC in its possession. The company has adopted bitcoin as a core part of its financial strategy since 2020, using it as a store of value.
This movement occurs in a context of growing interest by public companies in holding bitcoin as part of their treasuries. Yesterday, the space technology company KULR Technology Group announced the acquisition of 218 BTC, consolidating this trend, as reported by CriptoNoticias.
In the following list You can see the companies that fall within the parameters established by Bitwise.
The “bitcoin pattern” is established
ETF Specialist Nate Geraci pointed out that the “bitcoin pattern” is being adopted by a growing number of companies, describing it as an expanding phenomenon. This is a concept that is inspired by the old gold standard, when countries backed their currency with gold reserves. In this way, the value of the currency was linked to the value of gold.
According to Geraci, the focus of these companies on treasury operations with BTC could become a widely accepted financial strategy.
The “Bitwise Bitcoin Standard Corporations ETF” reflects how bitcoin strategic reserves are transforming the dynamics of public companies. If the SEC approves this proposal, the fund could offer investors a new way to access the bitcoin market through established companies in this niche.
