The corporate use of Bitcoin (BTC) is increasing as a treasury reserve. Approximately 3.68 million BTC valued at around 428 billion USD is held in various corporate and ETF treasuries, representing about 18% of Bitcoin’s circulating supply.
Public companies own about 27% of total Bitcoin treasury reserves, with Strategy (MSTR) holding 64% of these reserves. This high concentration heightens the potential liquidity management risks for corporations.
Morningstar DBRS alerts that corporate treasury strategies face challenges like regulatory uncertainty, liquidity issues in volatile markets, and custody risks. As more companies adopt these strategies, they could significantly impact credit markets.
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