TechFlow news, January 14 — According to The Block, Bitwise Chief Investment Officer Matt Hougan pointed out that corporate Bitcoin holdings are becoming a major trend underestimated by the market. Currently, 70 publicly traded companies have added Bitcoin to their balance sheets, with MicroStrategy holding 450,000 bitcoins (approximately 2.1% of the total supply).
Hougan expects that, benefiting from improved regulatory environments and updated accounting standards (ASU 2023-08), hundreds of companies will purchase Bitcoin within the next 12 to 18 months. Notably, Meta is currently considering a shareholder proposal regarding Bitcoin holdings, and its market capitalization is 20 times that of MicroStrategy.
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