Bitcoin by Corporate Treasuries: Growing Trend Raises Concerns

The trend of publicly listed companies adding Bitcoin (BTC) to their corporate treasuries is growing, prompting concerns about potential market instability. At least 22 entities added BTC as a reserve asset in the past 30 days, according to BitcoinTreasuries.net. This follows the lead of Strategy, which has been aggressively accumulating Bitcoin since 2020, inspiring a wave of imitators. While some view this trend as an astute strategic move, others criticize companies entering the space based on weak financials or using Bitcoin as a lifeline rather than long-term belief.