Taiwan’s Wiselink Makes History as First Public Firm to Adopt Bitcoin Treasury Strategy
Breaking corporate tradition—and possibly regulators' patience—Wiselink just placed a bet on Bitcoin that could send shockwaves through Asia's conservative financial markets.
Why it matters: The Taipei-listed company is now the region's first publicly traded firm to allocate part of its balance sheet to crypto. No percentages disclosed—because when has corporate transparency ever been Bitcoiners' strong suit?
The big picture: While MicroStrategy's been hogging the Bitcoin treasury spotlight, this move proves the corporate BTC arms race is going truly global. Taiwan's regulators haven't commented yet—probably too busy calculating how to tax this.
Between the lines: That 'strategic reserve' language? Classic corporate speak for 'we bought the top but believe in the long-term story.' At least they didn't call it a 'hedge against inflation' like every other CFO suddenly turned monetary policy expert.
Bottom line: One small step for a Taiwanese company, one giant middle finger to traditional finance. The real question—which board member owns a cold wallet?
Bitcoin treasury companies
While some observers have told Decrypt beforehand that financially struggling companies looking into Bitcoin as a way to stay above water WOULD “likely fail,” many more have come in and joined in the prospects, influenced by the corporate treasury playbook begun by Michael Saylor’s Strategy.
It’s worth noting that WiseLink, unlike other firms jumping on the Bitcoin treasury strategy bandwagon, has no indications that it is struggling financially: it posted a positive net income in 2023, with 2024 revenue at roughly $46 million over a trailing-12-month revenue of $53 million, according to its public financial data.
Top Win, meanwhile, is smaller in scale, with $3.8 million in working capital and $3.0 million in cash, and has disclosed "material weaknesses" in financial reporting that could let material errors go undetected.
