Bitcoin Increasingly Used As Reserve Asset By Public Companies

According to Odaily, recent global research by Nickel Digital Asset Management indicates that Bitcoin is increasingly being used as a reserve asset on the balance sheets of public companies, reflecting its growing acceptance as an asset class. The study, which surveyed organizations already invested in the sector, found that 75% of respondents believe public companies should hold Bitcoin on their balance sheets, with 26% strongly supporting its use as a reserve asset. Overall, public companies hold approximately 335,000 Bitcoins, equivalent to 1.6% of the total supply cap. Nickel Digital Asset Management, a European compliant digital asset hedge fund management company founded by former employees of Bankers Trust, Goldman Sachs, and JPMorgan, conducted the research. Previous analysis by Nickel revealed that around 42 public companies currently hold Bitcoin valued at over $20 billion. This marks a significant increase from a year ago when the value of these Bitcoin holdings was approximately $7.2 billion, representing a nearly 200% growth.