In an uncertain economic climate, publicly traded companies are turning massively to Bitcoin as a safe haven. In just one year, their crypto holdings have tripled, from $7.2 billion to $20 billion. This trend reveals a growing confidence among institutional investors in the long-term potential of BTC.
Listed companies are betting big on Bitcoin: $20 billion in assets in one year
Bitcoin is gaining ground in the portfolios of publicly traded companies. In just one year, their crypto holdings have exploded, going from $7.2 billion to $20 billion, an increase of nearly 200%.
LBusinesses' enthusiasm for Bitcoin started in August 2020 with MicroStrategy’s bold bet. The business intelligence company then acquired over 21,000 BTC, making the crypto its primary reserve asset.
Since then, MicroStrategy has continued to increase its position, now holding 226,500 BTC. This forward-thinking strategy has paved the way for other major players in the market.
Growing corporate interest in Bitcoin prompted Nickel Digital to conduct an in-depth survey of 200 institutional investors and wealth managers around the world.
The results are telling: 75% of organizations already invested in crypto believe that public companies should integrate Bitcoin into their balance sheets. Even more striking, 26% of respondents strongly support the use of Bitcoin as a reserve asset.
Promising prospects for the future
Nickel Digital’s study reveals optimistic projections for the future adoption of Bitcoin by publicly traded companies. Among the respondents, who collectively manage $1.7 trillion in assets, 58% predict that more than 10% of public companies will hold Bitcoin in their reserves within five years.
Some go even further, with 8% of respondents anticipating adoption by more than 25% of listed companies over the same period.
Anatoly Crachilov, CEO and co-founder of Nickel Digital, underlines the significance of these results: “ Institutional investors and wealth managers clearly see the long-term value of exposing listed companies to digital assets as part of their reserve allocation, thereby helping to mitigate the risk of currency depreciation.. »
While the increase in Bitcoin holdings by listed companies is spectacular, it still represents just the tip of the iceberg. With only 1.6% of the total Bitcoin supply held by these companies, the potential for expansion remains colossal. This current low penetration suggests a promising horizon for institutional adoption of crypto.
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