Cryptocurrency holdings in corporate treasuries are markedly increasing, despite a mixed economic outlook, as revealed in a recent analysis.
Corporate interest in digital assets continues to surge, as public companies are progressively allocating cryptocurrencies like Bitcoin and Ethereum to their balance sheets, revealed in Binance Research's latest weekly report.
According to the report, over 117 publicly listed companies collectively hold more than 800,000 BTC, with recent additions such as Trump Media & Technology Group, which has introduced a $2.5 billion Bitcoin strategy backed by 50 institutional investors.
Binance Research also highlighted Ethereum's growing presence in corporate treasuries, with SharpLink unveiling a $425 million Ethereum initiative, advised by Consensys co-founder Joseph Lubin.
Meanwhile, Brazilian firm Méliuz is seeking to raise $26 million to acquire more Bitcoin.
Notwithstanding this institutional momentum, market sentiment remained divided. Over the week, Bitcoin (BTC) slipped 5%, reversing recent gains due to profit-taking and broader asset rotation, while Ethereum declined 1%. Altcoins also retraced earlier gains for the same reasons, Binance attributed.
This dip in sentiment, however, was tempered by stronger U.S. consumer confidence and a series of trade truce announcements. Nevertheless, longer-term outlooks are clouded by rising U.S. bond yields, a weaker-than-expected Q1 GDP contraction of 0.2%, and a newly passed U.S. tax bill estimated to add $4 trillion to the national debt over the next decade.
Binance noted that spot Bitcoin ETFs recorded ten straight days of inflows before reversing on May 29, indicating underlying demand but a cautious investor outlook. Additionally, the correlation between Bitcoin and U.S. equities, particularly tech stocks, remains elevated. Meanwhile, gold ETFs experienced continued outflows, suggesting a shift in risk preferences.
Officials from the Federal Reserve maintained a cautious stance in minutes released this week, expressing concerns about potential trade-offs if inflation were to accelerate. Expectations for interest rate cuts have been revised downward, with fewer than two cuts now priced in for 2025.
Looking ahead, investors will watch key U.S. data releases, including April's PCE inflation and Powell's remarks on June 2, as well as the European Central Bank's decision on June 5. For the crypto sector, Bitcoin Seoul 2025 kicks off June 4, potentially offering further signals on institutional engagement and long-term adoption.
Binance cautioned that while corporate adoption of digital assets is on the rise, structural risks remain, particularly for newer firms with limited risk controls and overexposure to crypto-linked valuations.
Data suggests that public companies might potentially hold approximately 2.356 million BTC by the end of 2026, valued at roughly $259.395 billion in a bullish scenario. Notably, MicroStrategy leads among publicly traded companies with over 555,450 BTC in reserves. Companies across various sectors, including healthcare and asset management, are increasing their Bitcoin holdings and integrating them into treasury and operational strategies.
SharpLink, an iGaming firm, has taken a significant step by adopting Ethereum as a treasury reserve asset, marking one of the first major public company moves into ETH. BTCS Inc. has significantly boosted its Ethereum holdings to 13,500 ETH, focusing on strategic infrastructure and growth rather than just speculative investment.
- Binance Research's report revealed that over 117 publicly listed companies collectively hold more than 800,000 BTC, with Trump Media & Technology Group being a recent addition.
- Ethereum's presence in corporate treasuries is growing, as SharpLink unveiled a $425 million Ethereum initiative, advised by Consensys co-founder Joseph Lubin.
- Binance Research noted that Brazilian firm Méliuz is seeking to raise $26 million to acquire more Bitcoin.
- Despite institutional momentum, market sentiment remained divided, with Bitcoin, Ethereum, and altcoins retracing earlier gains.
- Binance also pointed out that spot Bitcoin ETFs experienced continued inflows before reversing on May 29, indicating underlying demand but a cautious investor outlook.
- SharpLink, an iGaming firm, has taken a significant step by adopting Ethereum as a treasury reserve asset, marking one of the first major public company moves into ETH.
