Bitcoin is gaining more traction as a treasury reserve asset, with companies around the globe continuing to adopt it as part of their financial strategy. Nano Labs, a China-based integrated circuit design company, recently stated its confidence in bitcoin as “a reliable store of value amidst its rising global adoption.”
The trend isn’t new, but it’s accelerating. Earlier this year, we saw Japanese investment firm Metaplanet publicly embrace bitcoin, aiming to become “Asia’s first MicroStrategy.” Over the weekend, the company’s CEO hinted at more bitcoin purchases to come.
Other companies are making similar moves. Medical tech firm Semler Scientific, which bought $40 million worth of bitcoin back in May, announced today that it acquired 215 more BTC between November 6 and November 15. This brings its total holdings to 1,273 bitcoins. DeFi Technologies also joined the movement earlier this year, purchasing 110 BTC in June and reporting a total of 204 BTC in its treasury by the end of September.
Today, Nano Labs and Chicago-based Cosmos Health added their names to the list, each citing bitcoin’s growing reputation as a store of value and hedge against traditional financial uncertainty.
What’s next? Many are watching to see if the US government—or even individual states—might adopt similar bitcoin reserve strategies. If that happens, it could ignite another wave in the ongoing bitcoin price rally.
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