According to a report by Architect Partners, by 2030, a quarter of S&P 500 companies might hold Bitcoin on their balance sheets. The main reason for this increasing interest is the drive of treasury managers to innovate and not miss out on opportunities.
Prospects of Bitcoin for S&P 500 Companies
The report from tech-focused financial advisory firm Architect Partners claims that by 2030, a quarter of S&P 500 firms will hold Bitcoin on their balance sheets. Partner Elliot Chun noted in the blog that using Bitcoin will allow asset managers to take a more proactive stance.
Strategy and Michael Saylor's Example
Strategy, formerly MicroStrategy, led by executive Chair Michael Saylor, was the first major company to add Bitcoin to its reserves. Since it started its Bitcoin acquisitions in August 2020, the company's share price has increased by 2074%.
Warnings for Other Companies
However, Chun warned companies against attempting to replicate Strategy's success. He emphasized that adding Bitcoin to a company's treasury does not guarantee similar stock gains.
S&P 500 companies might consider Bitcoin as part of their strategies to not miss out on opportunities; however, some experts warn of possible pitfalls in the path to success.
