Bitcoin treasury adoption is becoming an alternative for crypto speculators, particularly as a way to mitigate losses in altcoins, according to Adam Back, co-founder and CEO of Blockstream. He noted that many public companies are increasingly investing in Bitcoin, leading to a surge in firms acquiring Bitcoin to boost their portfolio value. As of June 5, the number of public companies holding Bitcoin has doubled, totaling at least 240, which accounts for about 3.96% of the total Bitcoin supply. Back suggested that investors potentially could recover their losses from altcoins by shifting their investments into Bitcoin and treasury companies. The growing trend of Bitcoin adoption among corporations indicates a potential future of Bitcoin as a dominant global currency, notwithstanding rising concerns about the high costs of shares in some Bitcoin treasury firms compared to direct Bitcoin investments. The overall climate supports institutional interest in Bitcoin, with public firms actively finding ways to establish reserves and treasury strategies.

Source đź”—