In the past, it was mainly crypto-native companies that held bitcoin on their balance sheets. However, in recent years, there has been a notable shift in this trend. Both public and private companies are now jumping on the bitcoin bandwagon, driven by various economic, geopolitical, and regulatory considerations.
Today, these companies collectively hold more than 4% of all bitcoin in circulation, amounting to approximately $50 billion in value. One of the trailblazers in this movement is MicroStrategy, which has been steadily building up a bitcoin portfolio worth $13 billion since August 2020.
This significant increase in corporate adoption of bitcoin reflects a growing recognition of the role that cryptocurrencies can play in diversifying investment portfolios and hedging against inflation. It also underscores the increasing mainstream acceptance of bitcoin as a legitimate asset class.
As more companies continue to embrace bitcoin and other cryptocurrencies, the landscape of corporate finance is undergoing a profound transformation. With bitcoin’s value and popularity on the rise, it is clear that the digital currency is here to stay in the corporate world.
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