Over 100 Bitcoin Treasuries Now Exist…
The Fortune 500’s are Coming
What is a Bitcoin Treasury Company?
Quite simply it is a corporation or even a medium-sized to small business that holds bitcoin in their reserves. Instead of holding dollars, which is essentially holding ice cubes, they’ve opted to hold something else that can’t be inflated to zero. The first company that did this was Michael Saylor’s own MicroStrategy (now just called Strategy). Once Michael became “orange pilled” as we call it, he immediately began accumulating bitcoin. Around 4 years later after bitcoin hit it’s inaugural $100k price tag, many other companies started piling in.
Strategy currently owns 640,250 Bitcoin. It’s important to understand that that is over a half a million people that will never be able to own those bitcoins. They are now out of circulation, Michael has said he will never sell those.
Which companies you’re probably asking? Take a look for yourself: Bitcoin Treasury List of Companies
Now these likely won’t all be winners, as they’re all structured differently and use their bitcoin allocations in a variety of ways. But the ones that do so intelligently, some even changing their equities to the designation of “BPS” or Bitcoin per share, may be worth billions in the future. By simply holding bitcoin for the long term, they don’t have to struggle with dollars to beat earnings every quarter. They’ve opted to rent space inside of the bitcoin reactor instead.
To date, Microstrategy alone has outperformed the S&P 500 by most metrics.
Is Wall Street Changing?
By all accounts, it certainly would appear so. As of currently, major corporations are allocating huge sums of capital into holding bitcoin forever. By doing so they can later use that pristine capital as collateral to expand their business without having to sell the bitcoin itself. There will likely be lucrative lending opportunities as well via central banks that will pay them interest or distributions of some kind for letting them borrow it. Here in the U.S., crypto holdings are now being seen as assets when negotiating a real estate purchase. Much is happening here but sadly the retail folks (regular people) are all panicking at the moment and yanking their money out of the markets and piling into gold and silver.
As an aside, I have no issue with gold or silver. I still hold a bit of gold here and there, but I opt for total scarcity and portability across time and space with my wealth. I get that with bitcoin.