Bitwise Chief Funding Officer Matt Hougan argued on Tuesday that associating the Bitcoin BTC/USD Treasury reserve technique solely with MicroStrategy Inc. MSTR can be inaccurate, as corporations shopping for the apex cryptocurrency is now a “bona fide megatrend.”
What Occurred: In a analysis word, Hougan acknowledged that whereas the Michael Saylor-led agency walked away with most media consideration, as many as 70 publicly traded corporations and plenty of personal corporations had Bitcoin on their stability sheets.
“I’ve come away pondering that it is a a lot larger development than most individuals understand. In actual fact, I feel it is a bona fide megatrend,” Hougan added.
The analyst underlined that other than cryptocurrency-focused corporations like Coinbase and MARA Holdings, many non-cryptocurrency corporations like Elon Musk’s Tesla have stacked Bitcoin on their books.
| Companies apart from MicroStrategy | Newest Bitcoin Acquisition |
| MARA Holdings | $1.53 billion on Dec. 19, 2024 |
| KULR Expertise Group | $21 million on Jan. 6 |
| Riot Platforms | $510 million on Dec. 13, 2024 |
In line with BitcoinTreasuries.com, MicroStrategy was the biggest company holder with over $43 billion in Bitcoin, adopted by MARA with $4.36 billion value of the main digital asset. Tesla held about $944 million in Bitcoin as of this writing.
Moreover, huge personal corporations like SpaceX additionally boasted important Bitcoin holdings, valued at over $800 million.
“That is important. It implies that, even in the present day, MicroStrategy is lower than 50% of the company BTC market. I believe it’s going to be a small fraction of it will definitely,” Hougan stated.
See Additionally: Shytoshi Kusama Outlines TREAT Token’s Usefulness Forward Of Launch, Optimistic Whales Purchase Up Shiba Inu
The reputational dangers linked with Bitcoin have significantly lessened in current months, notably after Donald Trump’s victory, with high Washington officers exhibiting elevated acceptance of cryptocurrency, Hougan acknowledged.
Furthermore, the Monetary Accounting Requirements Board launched a brand new rule in December, altering how Bitcoin is accounted for in GAAP reporting.
Hougan stated that these components may finally trigger the variety of corporations shopping for Bitcoin to “explode” within the coming years.
Why It Issues: MicroStrategy has been aggressively issuing convertible debt and different fixed-income securities to purchase Bitcoin in current months and seems ready to make use of all company maneuvers at its disposal to bolster its 21/21 plan.
Nevertheless, the technique was drawn a good bit of criticism.
Arthur Hayes, co-founder of cryptocurrency trade BitMEX, expressed issues over MicroStrategy’s debt-powered Bitcoin shopping for technique. In an interview with Benzinga, Hayes predicted difficult instances for the agency when the highest cryptocurrency loses volatility.
Worth Motion: On the time of writing, Bitcoin was exchanging fingers at $96,996.88, up 1.91% within the final 24 hours, based on information from Benzinga Professional.
Shares of MicroStrategy rose 4.19% to 342.17 throughout Tuesday’s common session and have been up 0,56% in pre-market buying and selling.
Learn Subsequent:
Market Information and Information dropped at you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.