Publicly traded companies are rapidly transforming their balance sheets by holding Bitcoin and Ethereum as core treasury assets, with new data showing over $100 billion in total crypto reserves.
160+ Companies Now Hold Nearly 1 Million BTC
According to research by Galaxy, more than 160 public companies have accumulated a combined 792,000 BTC (around $93 billion) and 1.31 million ETH (worth approximately $4 billion). This means public companies now control nearly 4% of all bitcoin in existence, a milestone that signals growing institutional conviction.
Crypto is no longer just an investment — it’s becoming a strategic reserve asset.
From Cash to Crypto: A New Treasury Playbook
Firms are evolving from traditional cash management toward digital asset treasury strategies (DATCOs). These companies treat crypto as:
- A reserve asset, similar to gold
- A yield-generating tool, by staking Ethereum
- A strategic capital use, raising funds through offerings to buy crypto directly
Some of these firms now show billion-dollar gains on paper during bull markets, while others explore Layer-1 tokens to diversify beyond Bitcoin.
U.S. Firms Lead, But the Model Is Going Global
Most DATCOs are still U.S.-based, benefiting from access to deep capital markets and regulatory clarity. However, international adoption is accelerating, enhancing global liquidity and adding complexity to equity valuations.
In some cases, company stock prices trade at up to 10x the value of their crypto reserves — creating a risky premium tied directly to token prices.
Regulatory Scrutiny Is Rising
As this trend grows, so do the risks. Price volatility in BTC or ETH can significantly impact these companies’ stock valuations. With growing attention from U.S. and global regulators, new accounting and disclosure rules could reshape how firms report and manage digital assets.
Conclusion
Crypto is no longer on the fringe of corporate finance. With over $100 billion in reserves and growing, digital assets are becoming a mainstream treasury component. But as companies embrace crypto, they must also prepare for tighter oversight and a market environment where volatility works both ways.
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Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.