Corporate Treasuries Embracing Bitcoin: Standard Chartered Reveals Surge in Holdings

Standard Chartered Bank’s Global Head of Digital Asset Research, Geoff Kendrick, has revealed a significant trend in corporate treasury strategies. He noted that the number of companies holding Bitcoin in their reserves has surged, with at least 61 entities now collectively possessing 3.2% of Bitcoin. This increase marks over a 100% growth within just two months, according to media reports from Foresight News and Cointelegraph. Kendrick further observed that among these analyzed corporate treasuries, 58 possess a net asset value (NAV) multiple exceeding 1, indicating a positive valuation trend.