According to Nansen's report, companies are increasingly viewing Bitcoin as a strategic reserve asset, influenced by new regulatory standards.
Growth of Corporate Bitcoin Investments
Bitcoin (BTC) is rapidly becoming a key element of the traditional financial system. Currently, over 700,000 BTC are held by major firms, collectively valued at approximately $81.9 billion.
Diverse Approaches to Bitcoin Investments
Companies such as Strategy (formerly MicroStrategy), Marathon Digital, Twenty One Capital, Riot Platforms, and Metaplanet are actively accumulating Bitcoin. However, not all of them experience similar stock market outcomes. For instance, Strategy controls 601,550 BTC, giving it a substantial advantage.
Impact of Holdings Structure on Market Valuation
The structure of Bitcoin holdings is crucial for the stock valuation of companies. Strategy's use of debt enables it to accumulate Bitcoin more effectively, leading to greater volatility in its stock compared to BTC. For example, in December 2024, Strategy's stock fell by 21% while Bitcoin decreased by only 2%.
The changes in Bitcoin ownership approaches have solidified its role in corporate finance, while differences in holdings structure significantly affect market valuations.
