US Companies Considering Bitcoin for Treasury Management Amid Economic Uncertainty

Bloomberg analysts Lu Yeung and Breanne Dougherty suggest Bitcoin may become valuable for public companies, as its correlation with the stock market diminishes post-‘Liberation Day’. They note its lower volatility compared to stock indices and suggest companies may reconsider its role amid economic uncertainty. Recent data shows public companies hold about 711,000 BTC, with Strategy as the largest holder at $35.6 billion.

Bloomberg’s strategists Lu Yeung and Breanne Dougherty suggest that Bitcoin may become an appealing asset for public companies due to its notable resilience. While Bitcoin’s trading patterns have historically mirrored the U.S. stock market, there has been a noticeable decrease in this correlation since what has been termed “Liberation Day”.

The performance of Bitcoin has been unexpectedly robust during recent tariff-related market disruptions, raising possibilities of a decoupling from traditional equities. Particularly, Bitcoin’s 10-day volatility has been reported to be lower than that of major stock indices, indicating a potential shift in market behaviour.

Given the increasing macroeconomic uncertainty, Yeung and Dougherty propose that corporate executives could reconsider Bitcoin’s role in treasury management as a stable alternative to the U.S. dollar. Recent estimates by Bitwise, a cryptocurrency index fund manager, indicate that public companies collectively hold nearly 700,000 BTC as of Q1, with the current figure reaching 711,000 BTC.

Notably, the firm Strategy stands as the largest Bitcoin holder, with a remarkable total investment of $35.6 billion. A recent purchase announcement by Strategy of $556 million underscores the growing interest and confidence in cryptocurrency investments by major players in the corporate sector.