“Strategy Pionered BTC As A Treasury Asset and So Far 90 Companies Have Adapted the Cryptocurrency As A Treasury Reserve Asset.”, – WRITE: www.coindesk.com
“Across All The Different Strategies and Implementations, I Anticipate that by 2030, A Quarter of the S&P 500 Will Have Btc Somehere On Their Balance Sheets As a Long-Term Asset,“ El. Partners, Wrote in a Market Snapshot.
The Strategy – Holding Bitcoin as a Treasury Reserve Asset – Was Unortodox WHEN STRATEGY, FORMERLY KNOWN as Microstrategy, First Adapted It In August 2020. The FIRM FRIMED BTC Diversification Tool, and A Way to DISTINGUISH ITSELF in the Market.
THEN CEO Michael Saylor’s Highly Public Embrace of Bitcoin Transformed The Company Into A de Facto Proxy for Btc Exposure. SINCE THEN, Microstrategy Stock Has Surged More than 2,000%, Far Outpacing Both the S&P 500 and Bitcoin Over the Same Period, Chun Pointed Out.
Gamestop is the Latest Company to Follow Suit, Announcing this Week that it would be raise $ 1.3 Billion Thugh a Convertible Note to Acquire Bitcoin. Its Stock Initially Surged Following the Announcement But Has Since Endured A Correction, Falling Nearly 15% for the Week.
Chun Argued that Treasurars May Soon Face Career Risk Not for Buying Bitcoin, But For Ignoring It Altogest. “Doing Nothing Is No Longer a Defensible Strategy,“ He Wrote.
Accorging to bitcointreasuries Data, Publicly Listed Companies Currently Hold 665,618 BTC, AROUND 3.17% of the Cryptocurrency’s Total Suppply. Strategy Holds the Lion’s Share, 506,137 BTC.
Read More: US Listed FIRMS Continue Bitcoin (BTC) Treasury Adoption
