Increasing Corporate Bitcoin Adoption: A New Megatrend

user avatar

by Giorgi Kostiuk

2 years ago

Matt Hougan, Chief Investment Officer at Bitwise, highlighted in his research note the surge in corporations adding Bitcoin to their treasuries, driven by MicroStrategy's influence and changes in the U.S. regulatory environment.

MicroStrategy's Market Influence

Led by Michael Saylor, MicroStrategy has been a forerunner among major corporations in adding Bitcoin to its assets, currently holding about 450,000 BTC valued at over $43 billion. The company's strategy has served as a model for other companies considering similar investments.

New Accounting Standards

The newly introduced accounting requirements under ASU 2023-08 allow companies to account for both decreases and increases in Bitcoin's value, as opposed to previous rules which viewed it as an intangible asset. This change enhances Bitcoin's attractiveness from a financial reporting perspective.

Opinions and Prospects

Matt Hougan forecasts a significant increase in the number of companies adding Bitcoin to their treasuries, questioning how many will follow this path under the new accounting conditions.

If 70 companies were willing to add bitcoin to their balance sheets when, from an accounting perspective, it literally could only go down, imagine how many will add it to their balance sheet now. Two hundred? Five hundred? A thousand?Matt Hougan, Bitwise CIO

Changes in corporate practices and financial standards are opening new avenues for the integration of digital assets like Bitcoin into corporate treasuries, potentially leading to increased investment activity in cryptocurrency markets.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Trump Media Technology Group Shares Experience Significant Decline

Shares of Trump Media Technology Group plunged 14.29% to $5.10, extending a decline that had been ongoing prior to the midterm elections.

user avatarRajesh Kumar

Technology Stocks Show Mixed Results After US Midterm Elections

Technology stocks showed mixed results after the US midterm elections, with some companies gaining while others declined.

user avatarLucas Weissmann

SEC Provides Regulatory Clarity for Canton Coin

The SEC classifies Canton Coin as a digital commodity, providing regulatory clarity for its issuance and distribution model.

user avatarFilippo Romano

Bitbase Launches ORIGIN Points Program to Reward User Engagement

Bitbase has launched the ORIGIN Points program to reward user engagement over 26 weeks, distributing 1,000,000 points weekly starting November 4, 2026.

user avatarEmily Carter

Bitbase Launches ORIGIN Points Program to Reward User Participation

Bitbase has introduced ORIGIN, a new points program rewarding user participation over six months.

user avatarTomas Novak

Political Changes Prompt Scrutiny of AI Infrastructure and Energy Consumption

Political changes following the 2026 US midterm elections have led to increased scrutiny of AI infrastructure spending and its environmental impacts, particularly in Texas.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.