Corporate Bitcoin Purchases Expected to Surge, Says Bitwise CIO
- Matt Hougan predicts hundreds of companies will add Bitcoin to their treasuries in the next 12–18 months.
- Currently, 70 publicly traded companies hold Bitcoin on their balance sheets.
- These companies, excluding MicroStrategy, own 141,302 BTC collectively.
- Private companies like SpaceX and Block.one voluntarily report holding at least another 368,043 BTC.
- A new accounting rule (ASU 2023-08) allows companies to mark Bitcoin’s value to market if its price rises.
The trend of corporate Bitcoin purchases is expanding beyond MicroStrategy, with a significant number of public and private firms holding substantial amounts of BTC. Changes in accounting rules are expected to further boost this trend.
