As Bitcoin establishes its presence in the financial world, some business magnates are urging listed companies to reconsider their reserves.
Eric Semler, president of Semler Scientific, made a bold prediction: It will soon be “irresponsible” for any public company not to include it in its fiscal reports.
Increasing acceptance of corporate strategies
Semler Scientific began its Bitcoin journey in May, acquiring 581 BTC for $40 million. The company has since expanded its holdings, recently adding 211 BTC worth $21.5 million.
Today, Semler Scientific owns more than 2,000 BTC, signaling great confidence in the asset’s long-term value.
The trend is not limited to Semler Scientific. The move aligns the company with a growing list of public companies that are integrating Bitcoin into their financial strategies.
Semler’s position is similar to Michael Saylor, the executive chairman of MicroStrategy, the largest corporate owner with 444,262 BTC.
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MicroStrategy made a bold purchase of Bitcoin, and its decision was vindicated by a rising stock value that resulted in the business intelligence company’s inclusion in the Nasdaq 100 index.
Bitcoin aims to raise $42 billion over the next three years to increase its Bitcoin supply. Saylor has been a vocal proponent of its use and based on his predictions, the price of BTC will rise to $13 million per coin by 2045.
A list of the largest corporations holding Bitcoin, shared by Saylor on Xu, shows that US-based companies dominate the space. Marathon Digital holds 44,394 BTC, while Riot Platforms owns 17,429 BTC.
Tesla, despite CEO Elon Musk’s mixed comments about Bitcoin, is holding onto 9,720 BTC. Around the world, companies such as Germany’s Bitcoin Group SE (3,114 BTC) and Japan’s Metaplanet (1,761 BTC) and even Hong Kong’s Boyaa (3,183 BTC) have shown interest and acceptance of Bitcoin.
Why Bitcoin is becoming a strategic asset
Governments are also joining the Bitcoin movement. El Salvador, the first nation to adopt Bitcoin as legal tender, has amassed $600 million worth of reserves.
Bhutan reportedly holds $1.13 billion in BTC, according to data from Arkham Intelligence. The US government is even considering a strategic Bitcoin reserve to bolster economic resilience.
Semler attributes the slow adoption among public companies to risk aversion. “Many instinctively see new and unknown things as risky,” he explained.
However, Semler argues that Bitcoin’s features – scarcity, decentralization and increasing adoption – make it a safer and more strategic choice compared to traditional assets like the US dollar or gold.
In his statement, Semler compared it to a “major asset class” with a market value of more than $1 trillion. He highlighted its potential to outperform gold, a sentiment echoed by many in the cryptocurrency space.
Semler emphasized that the trend will accelerate as more companies recognize the potential of digital assets. He stated,
“In the near future, not owning Bitcoin will be considered irresponsible for public companies.”
Semler asserted that not holding BTC will soon be considered irresponsible, showing that the asset story has changed.
Bitcoin is already gaining more and more acceptance as a reserve asset due to its ability to act as a hedge against inflation and a store of value during adverse economic conditions.
