“We are at the beginning of corporate adoption of BTC,” says Bitwise managing director.
The size of corporate BTC treasuries has grown 112% in one year.
Corporate adoption of bitcoin (BTC) as a strategic reserve asset has grown steadily, doubling in a matter of a year, according to data from investment firm Bitwise.
According to the entity’s managing director, Bradley Duke, in the last 12 months, BTC holdings in corporate treasuries more than doubled. Bitwise reported that, during the first quarter of 2024, the corporate treasury of BTC was 279,639 units, and that, at the end of the year, the figure increased to 590,649 bitcoin in corporate custody, which represents an increase of approximately 112%.
In total, 311,010 BTC were added to corporate coffers in a matter of a year and currently, 591,158 BTC are being guarded by companies.
According to Duke, “we are just at the beginning of corporate treasury adoption and expect massive growth in this area in 2025.”
The corporate bitcoin treasury has gained a notable boom in the last year, largely for the example that MicroStrategy has leftthe company of bitcoiner Michael Saylor.
MicroStrategy is the publicly traded company with the most accumulated BTC, with a treasure that is approaching 450,000 BTCaccording to the data by BitcoinTreasuries. This company maintains an aggressive bitcoin purchasing strategy.
Michael Saylor and MicroStrategy’s bitcoiner strategy consists of using the company’s capital to continuously acquire bitcoin, financing these purchases through the issuance of shares and convertible debt. This has allowed the company to take advantage of bitcoin price fluctuationsincreasing its net value per share and positioning itself as a benchmark for investment in bitcoin in the stock market.
The success story of MicroStrategy, which has allowed it to break historical highs in its stock market price and its inclusion in large stock indices such as the Nasdaq 100, has inspired dozens of companies in different parts of the world and dedicated to various areas, which They created their own BTC treasuries and began accumulating coins.
A key example is Metaplanet, a company from Japan that, although it is not directly related to MicroStrategy, is known as the “Japanese MicroStrategy” because it carries out a strategy very similar to that of the American corporation, as reported by CriptoNoticias.
The issue of reserves has also been extrapolated to the level of the nation-state, with various countries such as the United States, Brazil, Bhutan and others, demonstrating interest in creating BTC treasuries.
The corporate and state adoption of bitcoin as a strategic reserve is a phenomenon that is redefining the perception of this digital asset. Companies and governments They are recognizing the potential of bitcoin as a store of value and as a tool for economic independence, which could lead to a significant change in how global financial reserves are managed in the future.
