Bitcoin treasury adoption by public companies has emerged as the new trend for cryptocurrency speculators, according to Adam Back, co-founder and CEO of Blockstream. He emphasized that investors might counteract losses from altcoins by shifting their focus towards Bitcoin or BTC treasury firms, which are continuously purchasing Bitcoin to increase their Bitcoin per share. This strategy has attracted attention as more companies incorporate Bitcoin into their balance sheets, resulting in the number of public firms holding Bitcoin doubling recently. Currently, approximately 240 companies collectively hold around 3.96% of the total Bitcoin supply. While there are concerns related to the high costs of Bitcoin exposure through these firms, Back advocates for this transition as a potential way for investors to recover losses incurred from altcoins. As corporate interest in Bitcoin continues to grow, firms are launching initiatives to establish Bitcoin treasury reserves, indicating a strengthening institutional focus on Bitcoin amid a fluctuating altcoin market.

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