More than 220 companies now hold Bitcoin on their balance sheets. But as VanEck warns of capital erosion and GBTC’s crash proves, not all bets pay off.
In recent years, an increasing number of companies has embraced Bitcoin as part of their corporate treasury strategy. This trend, initially seen as experimental, gained momentum when Strategy, a US-based software company, started converting its cash reserves into Bitcoin (BTC) back in 2020.
Strategy’s move sparked widespread interest among other businesses seeking a hedge against fiat currency debasement and the potential for Bitcoin’s price appreciation.
