Many companies, not just Strategy and Tesla, are quietly adding Bitcoin to their treasuries to hedge against inflation and diversify assets. Firms like Arkham and Glassnode are tracking Bitcoin ownership through address clustering and timing correlation methods. This shift signals a growing trend in corporate adoption of Bitcoin as a strategic asset.

Several public companies have discreetly incorporated Bitcoin into their balance sheets. Companies like BitFuFu, Cipher Mining, and KULR Technology Group are strategically allocating portions of their balance sheets to Bitcoin to diversify reserves and align with the digital economy. This trend reflects a broader shift towards incorporating Bitcoin into corporate treasury strategies.

Blockchain analytics firms, such as Arkham Intelligence and Glassnode, play a crucial role in uncovering corporate Bitcoin holdings. These firms use advanced methods like address clustering and timing correlation to connect Bitcoin wallets to corporate entities. While these methods improve transparency, challenges like attribution uncertainty and custody obfuscation remain.

Matthew Sigel from VanEck warns about the risks associated with a Bitcoin-heavy corporate treasury strategy, such as capital erosion. Companies may face challenges if their stock price falls below the value of their Bitcoin holdings, leading to dilution of shareholder value. This situation highlights the importance of balancing Bitcoin accumulation with overall business health.

Corporate accumulation of Bitcoin has implications for supply, treasury strategy evolution, regulatory issues, and institutionalization. It tightens Bitcoin supply, reshapes treasury models, poses regulatory challenges, and signals mainstream acceptance. While corporate Bitcoin accumulation adds resilience to markets, it also brings complexities in compliance, tax implications, and legal risks.

Read more at Cointelegraph: 10 Public Companies You Didn’t Know Are Stacking Bitcoin