Nations Need Sovereign Bitcoin Treasury Vehicles
Michael Saylor’s Strategy (MSTR) just bought another 4,980 BTC worth over $500 million, further solidifying its position as the largest public company holder of Bitcoin (BTC). It now commands 2.74% of the total Bitcoin supply, outpacing the second-largest holder, Marathon Digital, which owns 0.22%, by a country mile.
But what’s even more apparent from looking at the list of corporate Bitcoin holders isn’t just the dominance of one key player – it’s the fact that more than half of the 34 companies are US-based, and all but one of the top ten holders, Japan’s Metaplanet, are U.S. corporations.
Together, the 34 companies account for nearly 700,000 BTC, or 95.8% of the total amount of BTC held in corporate treasuries.
Bridging the access gap for institutions
While corporate Bitcoin treasuries may offer a hedge against fiat devaluation or market volatility, their most overlooked value is systemic: they unlock access to Bitcoin for a class of investors who are otherwise locked out. Many institutional investors – particularly pension funds, insurance companies, and mutual funds – are governed by mandates that prohibit them from buying crypto ETFs, offshore funds, or even Bitcoin itself.
But those same mandates do permit investment in domestic, listed equities. A publicly traded company that holds Bitcoin on its balance sheet and meets domestic listing requirements can be slotted directly into these portfolios without breaching mandate restrictions. So corporate Bitcoin treasuries don’t just benefit the company holding the BTC. They serve as a compliant, regulatorily sanctioned access point for everyone …
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