Nickel Digital Asset Management's latest global research shows that Bitcoin will be increasingly used as a reserve asset on the balance sheets of listed companies, indicating its growing acceptance as an asset class.
The study of organizations that have already invested in the industry found that 75% of respondents believe that listed companies should hold Bitcoin on their balance sheets, and 26% strongly support the use of Bitcoin as a reserve asset.
In total, listed companies hold "approximately 335,000 bitcoins, equivalent to 1.6% of the total supply cap."
Nickel Digital Asset Management is a European compliant digital asset hedge fund management company founded by former employees of Bankers Trust, Goldman Sachs and JPMorgan Chase. (Crowdfund Insider)
Earlier news, Nickel's analysis showed that there are currently about 42 listed companies "holding more than $20 billion worth of Bitcoin", which means that "the value of these Bitcoin holdings has increased by nearly 200% compared to $7.2 billion a year ago."