Corporate Bitcoin holdings have experienced a significant decline, sinking to approximately $54.5 billion from nearly $59 billion as of April 2. The drop of over $4 billion follows sweeping US import tariffs announced on April 2, which triggered a global market sell-off. The Bitwise Bitcoin Standard Corporations ETF, which tracks various corporate Bitcoin holders, has lost more than 13% since the tariff announcement. Additionally, Strategy, a hedge fund founded by Michael Saylor that advocates for corporate Bitcoin investment, has also seen a 13% decrease in share value. These losses underline the volatility associated with Bitcoin and its misalignment with traditional treasury management, which typically involves low-risk assets like US Treasury Bills. Despite the downturn, some asset managers argue that including Bitcoin in corporate treasuries can serve as a hedge against fiscal deficits, currency debasement, and geopolitical risks. However, skepticism is growing among investors regarding Bitcoin's viability as a treasury asset in light of recent market fluctuations.

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