🚨👀 Bitcoin‘s Inevitable Infiltration of Corporate America 🚨👀
Observations from the Abyss of Finance:
- The inevitability of bitcoin’s presence on corporate balance sheets is a ticking time bomb for treasury managers.
- The strategy of holding bitcoin as a treasury reserve asset has proven to be a stroke of genius, outperforming the S&P 500 and bitcoin itself since 2020.
- The ostrich approach of ignoring bitcoin’s rise will soon become a career-ending move, as the trend continues to unfold.
As the world succumbs to the allure of bitcoin, it’s only a matter of time before the cryptocurrency infiltrates the very fabric of corporate America. The notion of a quarter of the S&P 500 firms having bitcoin on their balance sheets by 2030 is no longer a far-fetched dream, but a cold, hard reality.
Elliot Chun, a partner at Architect Partners, has prophesied this fate, writing in a market snapshot: “Across all the different strategies and implementations, I anticipate that by 2030, a quarter of the S&P 500 will have BTC somewhere on their balance sheets as a long-term asset.”
The strategy, first adopted by Strategy (formerly MicroStrategy) in August 2020, was initially met with skepticism. But Michael Saylor’s unwavering dedication to bitcoin transformed the company into a de facto proxy for BTC exposure. The results? A staggering 2,000% surge in stock value, leaving the S&P 500 and bitcoin in the dust.
GameStop, the latest company to join the bitcoin bandwagon, has announced plans to raise $1.3 billion through a convertible note to acquire the cryptocurrency. Its stock initially soared, but has since taken a nosedive, falling nearly 15% for the week. Ah, the perils of getting ahead of the curve.
Chun’s warning to treasurers is clear: “Doing nothing is no longer a defensible strategy.” The stakes are high, and the consequences of ignoring bitcoin’s rise will be dire. As the data shows, publicly listed companies currently hold 665,618 BTC, a mere 3.17% of the cryptocurrency’s total supply. Strategy, of course, holds the lion’s share, a whopping 506,137 BTC.
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2025-03-30 21:07