Publicly traded firms are increasingly adopting Bitcoin as a treasury reserve asset, inspired by the strategies of companies like MicroStrategy, now called Strategy. As Bitcoin’s value fluctuates around $85,000, numerous companies are building their holdings. Notable examples include Tesla, which holds about 11,509 BTC valued at roughly $1.19 billion, and Block, which owns over 8,000 BTC. Other firms like Rumble, LEEF Brands, Semler Scientific, Banzai, and Fold are also entering the Bitcoin market, with Rumble recently purchasing 188 BTC for its corporate treasury. Additionally, companies such as Worksport and Fathom Holdings have outlined plans to allocate portions of their funds to Bitcoin, demonstrating a confidence in the cryptocurrency’s long-term growth potential. This trend reflects a broader institutional shift where companies see Bitcoin not just as a speculative asset but as a strategic reserve to hedge against inflation and diversify financial portfolios.

Source 🔗