Bitcoin’s growing influence is making its way from trading desks to corporate treasuries, and by the end of the decade, it could become a standard asset for major companies, according to an analyst from Architect Partners.
Bitcoin as a Long-Term Asset for S&P 500 Firms
Elliot Chun, a partner at Architect Partners, predicts that by 2030, as much as 25% of S&P 500 firms will hold Bitcoin (BTC) as a long-term asset on their balance sheets. In a market snapshot, Chun emphasized the growing trend of Bitcoin being integrated into corporate strategies, especially as a treasury reserve asset.
“When it first started, holding Bitcoin as a treasury reserve was considered unorthodox. However, I anticipate that by 2030, a quarter of the S&P 500 will have BTC somewhere on their balance sheets,” Chun stated.
MicroStrategy’s Influence on Bitcoin Adoption
The trend began when MicroStrategy, formerly known as Strategy, adopted Bitcoin as part of its treasury strategy in August 2020. The firm framed Bitcoin as a hedge against inflation, a diversification tool, and a way to differentiate itself in the market. Under the leadership of former CEO Michael Saylor, MicroStrategy became a prominent figure in Bitcoin investment, with the company’s stock skyrocketing more than 2,000%—far surpassing both Bitcoin’s price and the S&P 500 over the same period.
GameStop Joins the Bitcoin Trend
Recently, GameStop has followed in MicroStrategy’s footsteps, announcing that it would raise $1.3 billion through a convertible note to acquire Bitcoin. Initially, the announcement caused a surge in GameStop’s stock, but it has since corrected, dropping nearly 15% during the week.
Career Risk for Treasurers Who Ignore Bitcoin
Chun also argued that corporate treasurers may soon face career risks not for adopting Bitcoin, but for ignoring it altogether. “Doing nothing is no longer a defensible strategy,” he said, highlighting the growing pressure on companies to consider digital assets as part of their financial strategy.
Bitcoin Holdings by Public Companies
According to BitcoinTreasuries data, publicly listed companies currently hold a total of 665,618 BTC, representing approximately 3.17% of the cryptocurrency’s total supply. MicroStrategy holds the largest share, with 506,137 BTC, marking its dominant position in corporate Bitcoin holdings.
As Bitcoin continues to gain traction among major firms, its role in corporate balance sheets is expected to expand significantly, with companies increasingly viewing it as a strategic long-term asset.
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