The recent surge in Bitcoin purchases by public companies is raising concerns among analysts about the validity of this strategy.
Analysts Warn Against Using Bitcoin for Financial Engineering
Nate Geraci, president of The ETF Store and a well-known commentator on the cryptocurrency market, expressed concern about companies buying Bitcoin solely for its storage. He indicated that such actions could be a warning sign of financial engineering rather than a real business model. Geraci emphasized that he supports responsible ownership of BTC, but if the company's goal is purely to hold Bitcoin through financial schemes, it raises alarm bells.
Active Purchases of Bitcoin by Public Companies
Despite these warnings, public companies' interest in Bitcoin continues to grow. For instance, France's Blockchain Group confirmed a purchase of 116 BTC, while Metaplanet in Asia added 2,205 BTC to its balance. Sweden’s Hilbert Group raised 200 million SEK specifically for these purposes. The week has already seen a significant uptick in Bitcoin dealings.
Diverse Opinions on Companies Purchasing Bitcoin
During the week, multiple companies from the U.K., Canada, China, and Africa also announced their plans to acquire Bitcoin. For example, the Chinese Addentax Group announced a $1.3 billion nonbinding agreement to purchase up to 12,000 BTC, while the British Coinsilium began purchasing BTC through its Forza unit. In total, public companies acquired 245,510 BTC in the first half of 2025, more than double the inflows into ETFs over the same period.
Thus, while the interest of companies in Bitcoin is growing, it is essential to approach this issue cautiously and consider not only the volume of purchases but also the business model of these companies.
