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Highlights
- MicroStrategy says it will release a playbook to trigger corporate Bitcoin adoption.
- Strive Asset Management is joining an increasing number of companies to add BTC to their holdings.
- A raft of ETFs are now tracking the performance of companies with BTC on their balance sheets.
After operating as the patient zero for corporate Bitcoin adoption, MicroStrategy has unveiled a bold plan to jolt widespread adoption. The Michael Saylor-led firm will release a book that will change the landscape for corporate finance for the next 30 years.
MicroStrategy Set To Unveil Bitcoin Standard Model For Corporates
US-based MicroStrategy has revealed plans to publish a Bitcoin standard model to guide corporate entities keen on adding BTC to their balance sheets. MicroStrategy CEO Phong Le disclosed the plans in a keynote address, noting that the model will be published in the coming months.
Phong Le noted that the model will build on the successes of the Bitcoin model published in 2024. According to Phong Le, the incoming model will be open-source and will contain insights into MicroStrategy’s embrace of Bitcoin.
Phong Le argues that the principles of corporate finance require updating and merging with the Bitcoin standard. Le notes that MicroStrategy is proceeding with the launch of a corporate finance book for the Bitcoin standard era.
“We are writing the book as we go along,” said MicroStrategy CEO Phong Le. “I think it’s going to be the book that people will read and teach 20 or 30 years from now.” MicroStrategy has seen its total Bitcoin holdings rise to 555,450 Bitcoins after its latest purchase of 1,895 BTC.
Corporate BTC Adoption To Spike By $330 Billion In Five Years
A report by asset management firm Bernstein is predicting an avalanche of corporations turning to Bitcoin in the future. Bernstein analysts are pegging corporate inflows at $330 billion over the next five years, triggered by companies mirroring the MicroStrategy playbook.
“We expect $330bn corporate treasury led inflows to Bitcoin by 2029E,” said Bernstein.
The report forecasts MicroStrategy to continue its Bitcoin accumulation spree, splurging $124 billion in BTC acquisitions. Already, MicroStrategy is raising $84B to purchase BTC, setting the standard for new entrants.
Furthermore, Tokyo-based Metaplanet is scooping up Bitcoin for its balance sheets, crossing the 5,000 BTC mark in under a year. Metaplanet has unveiled plans to raise 3.6B JPY for BTC purchases via the issuance of ordinary bonds.
Strive Asset Management is teaming up with Asset Entities to float a publicly traded Bitcoin treasury company. The number of public companies with BTC on their balance sheets has reached an all-time high, prompting a wave of ETFs to track their performance.
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