{"id":820410,"date":"2025-01-16T11:12:03","date_gmt":"2025-01-16T17:12:03","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/16\/bitwise-cio-says-corporate-bitcoin-buying-is-set-to-explode\/"},"modified":"2025-01-16T11:12:03","modified_gmt":"2025-01-16T17:12:03","slug":"bitwise-cio-says-corporate-bitcoin-buying-is-set-to-explode","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/16\/bitwise-cio-says-corporate-bitcoin-buying-is-set-to-explode\/","title":{"rendered":"Bitwise CIO says corporate Bitcoin buying is set to explode"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"159877\" data-url=\"https:\/\/cryptobriefing.com\/corporate-bitcoin-buying-exploding\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\" rel=\"tag\"><br \/>\n                    Bitcoin                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\">Bitcoin<\/a><\/span> \u00bb <span aria-current=\"page\">Bitwise CIO says corporate Bitcoin buying is set to explode<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"38186\" href=\"https:\/\/cryptobriefing.com\/team\/estefano-gomez\/\" rel=\"author\">Estefano Gomez<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2025-01-14T17:00:41+00:00\"><br \/>\n                        Jan. 14, 2025                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins Matt Hougan predicts corporate Bitcoin adoption will rise, with companies adding Bitcoin to their treasuries over the next 12\u201318 months.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" src=\"http:\/\/cryptobriefing.com\/5f62c8e5-a68d-443a-ac3f-d06717430365.jpg\" alt=\"bitcoins Bitwise CIO says corporate Bitcoin buying is set to explode\" title=\"bitcoins http:\/\/cryptobriefing.com\/5f62c8e5-a68d-443a-ac3f-d06717430365.jpg\">\n            <\/picture>\n        <\/section>\n<p>Photo: Bitwise Asset Management<\/p>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Bitwise CIO Matt Hougan views corporate Bitcoin purchases as a megatrend.<\/li>\n<li>New accounting standards are encouraging more companies to add Bitcoin to their balance sheets.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Matt Hougan, Bitwise Chief Investment Officer, predicted in a <a target=\"_blank\" href=\"https:\/\/experts.bitwiseinvestments.com\/cio-memos\/companies-buying-bitcoin-an-overlooked-megatrend\" rel=\"noopener nofollow noreferrer\">client note<\/a> on Tuesday that hundreds of companies will buy Bitcoin for their treasuries over the next 12 to 18 months.<\/p>\n<p>He added that these purchases could lift the entire Bitcoin market substantially higher, describing this shift as a bona fide megatrend.<\/p>\n<p>Hougan noted that MicroStrategy\u2019s aggressive Bitcoin acquisition strategy has been overlooked by many investors, yet it is not the only company driving this trend.<\/p>\n<p>According to Hougan, investors he has spoken to often view the company as a one-off, \u201ca singular entity with a singular founder pursuing a singular strategy.\u201d<\/p>\n<p>In this context, MicroStrategy has emerged as a leading corporate buyer, acquiring over 257,000 BTC in 2024\u2014surpassing the total new supply mined during the year.<\/p>\n<p>The company plans to raise over $42 billion for additional Bitcoin purchases, potentially absorbing several years\u2019 worth of supply at current prices. <\/p>\n<p>Hougan emphasizes that while MicroStrategy receives much of the attention, it represents only a small fraction of the corporate Bitcoin market.<\/p>\n<p>He emphasized that even before the anticipated surge in companies adding Bitcoin to their balance sheets, seventy public firms, including Tesla, Block, and Coinbase, already collectively hold 141,302 BTC.<\/p>\n<p>Private entities like SpaceX and Block.one maintain an additional 368,043 BTC. <\/p>\n<p>The trend is driven by reduced reputational risks and new accounting standards. <\/p>\n<p>One key change is the Financial Accounting Standards Board\u2019s ASU 2023-08, introduced in December. This new rule allows companies to mark Bitcoin holdings to market value. <\/p>\n<p>It replaces the previous requirement, which treated Bitcoin as an intangible asset and only permitted downward price adjustments.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<p>This accounting shift eliminates a significant barrier and makes Bitcoin more appealing to corporate treasuries. <\/p>\n<p>Companies like Meta are already <a target=\"_blank\" href=\"https:\/\/cryptobriefing.com\/bitcoin-corporate-treasury-strategy\/\" rel=\"\">considering proposals<\/a> to allocate Bitcoin. Hougan believes adoption will snowball as more firms begin to embrace the digital asset.<\/p>\n<p>Hougan noted that companies are driven by various factors. <\/p>\n<p>These include the desire for financial gain, the need to protect against currency devaluation, and the intention to align with the principles of Bitcoin. He highlighted that these motivations are similar to those of individual investors.<\/p>\n<p>Bitcoin\u2019s price shows a strong rebound after <a target=\"_blank\" href=\"https:\/\/cryptobriefing.com\/bitcoin-market-pressures\/\" rel=\"\">dropping below $90K yesterday.<\/a> <\/p>\n<p>Trading at $95.5K at press time, it is up 4.5% in the past 24 hours, with the total crypto market cap rising 2%.<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Bitwise+CIO+says+corporate+Bitcoin+buying+is+set+to+explode&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fcorporate-bitcoin-buying-exploding%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Estefano Gomez <a href=\"https:\/\/cryptobriefing.com\/corporate-bitcoin-buying-exploding\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Home \u00bb Bitcoin \u00bb Bitwise CIO says corporate Bitcoin buying is set to explode by Estefano Gomez Jan. 14, 2025 Matt Hougan predicts corporate Bitcoin adoption will rise, with companies adding Bitcoin to their treasuries over the next 12\u201318 months. Photo: Bitwise Asset Management Key Takeaways Bitwise CIO Matt Hougan views corporate Bitcoin purchases<\/p>\n","protected":false},"author":1,"featured_media":820411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[91696,2024],"tags":[11476],"class_list":{"0":"post-820410","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitwise","8":"category-corporate","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=820410"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/820411"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=820410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=820410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=820410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}