Treasuries are stacking Bitcoin: Gimmick or solid technique?

According to BitBo, as of June 6, over 70 public companies were holding Bitcoin. ‘Dumpster fire in the making’ Journalist and expert Sean Williams revealed his concerns over the potential failure of the Bitcoin treasury companies, citing the lack of innovation and operational success as the drivers of the possible bust. He pointed out that many companies resorting to launching a BTC treasury are not profitable in the first place, so they attempt to make quick money out of crypto volatility.

As Bitcoin continues its rise into mainstream finance, a growing number of public companies are adding the cryptocurrency to their treasuries but not without controversy. Coin Bureau founder Nic Puckrin expressed doubts that the ‘random’ companies releasing Bitcoin treasuries won’t sell their BTC in the bear market. The study discusses policies including: The Securities and Exchange Commission’s approval of Bitcoin ETFs, the EU’s MiCA framework adoption, and the Financial Accounting Standards Board’s rule change from 2023, which allowed Bitcoin holding companies to account for and represent value in their financial statements more accurately.