Publicly listed companies are increasingly adding Bitcoin (BTC) to their treasuries, raising systemic risks. At least 22 entities joined in the 30 days leading up to June 11, 2025. This trend, largely inspired by MicroStrategy, is concerning.
Standard Chartered Bank warns that a significant price drop could lead to liquidations. MicroStrategy, the largest corporate Bitcoin holder, began accumulating in 2020. The approval of Bitcoin ETFs in 2024 marked a new phase of institutional adoption.
Corporate Bitcoin treasuries are fueling demand but introducing risks. A sharp price drop could trigger liquidations. Concentration of holdings and debt-funded positions increase the risk. Unlike newer players, MicroStrategy weathered the 2022 crypto crash.
Institutional interest extends beyond ETFs to mining. Public companies hold at least 819,689 BTC (3.9% of supply). Total corporate ownership is estimated at 5.29%. There were 29 violent attacks targeting crypto holders by the end of May 2025.