Bitcoin Breaks Into Corporate Treasuries—Wall Street’s Newest Contradiction

Once dismissed as ’rat poison,’ Bitcoin now sits on balance sheets beside T-bills and cash equivalents. Fortune 500 CFOs—who wouldn’t touch crypto in 2020—now hedge against monetary debasement with digital gold (while still writing off your crypto expenses as ’speculative’).

The irony? These same institutions spent millions lobbying against Bitcoin ETFs—before quietly allocating 1-3% of reserves to the asset class. Guess those ’risk management’ seminars finally covered hyperbitcoinization.

Corporate adoption signals a seismic shift: when pension funds start DCA-ing, the ’greater fool theory’ gets a board seat. Just don’t expect them to acknowledge the 24/7 trading hours when quarterly reports miss projections.

En bref

• Bloomberg Intelligence suggests that bitcoin is becoming a viable treasury option for publicly listed companies.
• The correlation between bitcoin and stock markets has weakened since “Liberation Day.”
• Bitcoin’s 10-day volatility is now lower than that of major stock indices.
• Already, 711,000 bitcoins are reportedly held by publicly listed companies in the first quarter of 2025.

Bitcoin as a Safe Haven Amid Economic Uncertainties

Bloomberg Intelligence strategists have observed a major shift in bitcoin’s behavior in financial markets during the first quarter of 2025.

According to Lu Yeung and Breanne Dougherty, the world’s leading cryptocurrency shows remarkable resilience against recent economic tensions, notably related to new tariffs. This phenomenon could convince CFOs to reconsider its role in corporate treasury strategy.

Historically, the price of bitcoin moved in strong correlation with US stock markets. However, this trend has significantly faded after what analysts call the “Liberation Day”.

Even more surprising, bitcoin’s 10-day volatility is now lower than that of major American stock indices.

David Lawant, head of research at FalconX, specifies that while bitcoin remains correlated with stocks, it no longer amplifies stock market risks as before:

Bitcoin does not move independently, but it does not amplify stock market risk like it used to. That is the real important signal.

Growing Adoption of BTC by Publicly Traded Companies

This shift in bitcoin’s behavior occurs in a context of accelerated adoption by publicly traded companies.

According to data from fund manager Bitwise, the total number of bitcoins held by public companies crossed the 700,000 BTC mark in the first quarter, reaching precisely 711,000 BTC according to the latest estimates.

In the last quarter alone, twelve new companies joined the bitcoin investment movement, confirming this underlying trend. Companies are increasingly seeking to diversify their cash reserves amid macroeconomic uncertainties.

Strategy stands out as the largest institutional holder with investments totaling $35.6 billion in bitcoin. Its latest purchase, announced last Monday, amounts to $556 million, demonstrating continued confidence in this allocation strategy.

In the face of global economic uncertainties and bitcoin’s remarkable performance, many American companies could soon reconsider their traditional treasury management approach. This trend, driven by bitcoin’s increasing performance and resilience, could mark a major turning point in the institutional adoption of crypto.

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