Bitcoin is fast becoming a cornerstone of corporate treasury strategy. More companies are reallocating a portion of their balance sheets into Bitcoin, driven by growing concerns over inflation, stagnant returns in traditional finance, and increasing macroeconomic instability.
With over 130 public companies now holding BTC, the movement is no longer niche, it’s strategic. The recent $51.5 million raise by Nakamoto Holdings is just the latest example of how serious this trend has become.
Why Are Companies Turning to Bitcoin?
Bitcoin’s capped supply of 21 million coins gives it a scarcity similar to gold, but with the added benefits of digital portability and decentralisation.
For corporations, this makes Bitcoin an attractive hedge against inflation and currency debasement, particularly in the aftermath of expansive monetary policies such as COVID-19 stimulus programmes.
As central banks continue to inject liquidity into the economy, many firms fear their fiat reserves will gradually lose purchasing power.
The early adopters have already demonstrated what’s possible. Companies like MicroStrategy, Tesla, and Block showed that holding Bitcoin isn’t just feasible, it can also be highly profitable.
MicroStrategy’s bet, for example, resulted in gains of more than 1,000%, and their success has inspired a wave of corporate followers.
With new tools such as spot Bitcoin ETFs and institutional-grade custody solutions, it’s easier than ever for publicly listed companies to hold BTC securely and compliantly.
Beyond financial hedging, Bitcoin offers an edge in corporate branding and strategy. By holding BTC, firms can signal forward-thinking innovation and align themselves with Web3 ideals.
This positioning is especially attractive to younger demographics and crypto-native users, helping to draw in a new customer base and investor pool.
In terms of diversification, Bitcoin adds asymmetric upside to corporate treasuries. While bonds and cash continue to yield limited returns in a low-interest environment, even a modest allocation of 1–5% into BTC can significantly boost long-term performance.
This is already evident in companies like Square (Block) and Coinbase, which integrated Bitcoin into their corporate strategies early on.
On a broader level, geopolitical uncertainty is another strong driver. Bitcoin offers an asset not tied to any single nation-state or central bank.
For non-U.S. companies, this borderless property is especially compelling as it offers an alternative to being overly reliant on U.S. dollar reserves. In regions facing capital controls or sanctions, Bitcoin becomes a tool of financial resilience.
Finally, there’s the psychological impact of network effects. Bitcoin’s expanding adoption by countries, corporations, and financial institutions continues to reinforce its perceived value.
With each new entity joining the ecosystem, the fear of missing out grows stronger, especially with the 2024 halving reducing the rate of new supply.
Nakamoto Holdings Bets Big on BTC
The latest proof of Bitcoin’s growing allure in corporate strategy comes from Nakamoto Holdings. The company, founded by David Bailey, who also serves as a crypto adviser to former U.S. President Donald Trump, has just raised $51.5 million through a private investment in public equity (PIPE) deal.
This funding round is part of Nakamoto’s merger with KindlyMD, a company listed on Nasdaq under the ticker symbol NAKA.
PIPE deals are typically used to raise capital from private investors by selling shares in a publicly traded company.
In this case, each share was sold at $5.00, and the total raise pushes KindlyMD’s funding to $563 million, or $763 million if one includes convertible notes, loans that can later convert into equity.
The enthusiasm around Nakamoto’s mission was clear, as the raise was reportedly completed in under 72 hours.
“People really want in on Nakamoto,” Bailey stated, highlighting the market’s appetite for a company focused on aggressively accumulating Bitcoin. He added that the objective is to secure as much capital as possible to maximise BTC acquisitions.
Nakamoto Holdings has been upfront about its intentions from the beginning. Formed earlier this year, the firm set out to emulate strategies used by major players like MicroStrategy, with a sole focus on acquiring and holding Bitcoin as a core treasury asset.
Despite the broader volatility in crypto markets, the company has maintained a clear and consistent mission.
The newly raised funds will be deployed primarily for Bitcoin purchases, with a smaller portion allocated to operating costs and business expenses.
Once the merger with KindlyMD is completed, Nakamoto Holdings will officially trade on the Nasdaq, giving retail and institutional investors an indirect way to gain exposure to Bitcoin through a publicly listed vehicle.
However, this growing trend of corporate Bitcoin holdings is not without its critics. Some analysts warn that companies overly reliant on BTC for their valuation might face serious financial strain during bear markets.
If Bitcoin’s price were to experience a sharp decline, it could expose these firms to increased volatility and potentially damage investor confidence.
Still, the appetite for Bitcoin as a treasury asset continues to grow. According to bitcointreasuries.net, more than 130 public companies currently hold BTC, along with dozens of private firms, governments, and other entities.
That number has increased by roughly 14% in the past month alone, showing a clear acceleration in interest.
Much of this momentum can be traced back to Michael Saylor and his company, MicroStrategy. Since 2020, they’ve accumulated over 592,000 BTC, valued at more than $60 billion at current prices.
Their aggressive buying strategy has not only paid off handsomely but also set a blueprint for other companies to follow.
Altogether, 239 known entities now hold Bitcoin as part of their reserves. This collective movement underscores a shifting tide in corporate finance, where digital assets like BTC are increasingly seen not as risky bets but as strategic tools for long-term resilience and growth.
Conclusion
Nakamoto Holdings’ rapid $51.5 million raise is another sign that Bitcoin is no longer just an experimental asset for corporate treasuries, it’s becoming a calculated and often aggressive financial move.
Whether driven by fears of inflation, geopolitical concerns, or the search for higher returns, companies are doubling down on Bitcoin. With over 239 entities now holding BTC and more joining each month, the crypto treasury trend shows no sign of slowing.
Editor: Lydicius