Spot Bitcoin ETFs might dominate 2024, but Bitwise is already looking ahead to 2025’s Bitcoin boom. The asset manager has filed for an ETF targeting companies that hold $BTC as a reserve asset.
Leading companies like MicroStrategy and Tesla have turned Bitcoin into a strategic treasury tool, with MicroStrategy holding an unmatched 444,262 BTC, worth nearly $43B. Their Bitcoin-driven stock rally by 30x speaks volumes! Meanwhile, Bitcoin miners like Marathon Digital, Hut 8, and Riot Platforms are also stacking sats, with Marathon leading at 44,394 $BTC.
Interestingly, newer firms like KULR Technology are stepping into the game too, purchasing 217 BTC and watching their stock soar 60%. However, not everyone is sold on Bitcoin’s potential as a corporate reserve. Microsoft shareholders recently rejected a Bitcoin treasury proposal, showing resistance due to volatility.
From adoption to skepticism, the treasury narrative is evolving and could reshape corporate finance globally. Are companies betting on Bitcoin the next big thing for diversification? Let’s watch this trend unfold.