An increasing number of publicly traded companies are diversifying their financial strategies by incorporating digital assets like Bitcoin, Ethereum, and XRP into their treasury reserves. This trend highlights a broader shift toward blending traditional corporate finance with crypto-native investment approaches across industries such as healthcare, commodities, and technology.
The Rise of Crypto in Corporate Treasuries
Corporations are no longer viewing cryptocurrencies purely as speculative instruments. Instead, many are adopting them as core components of their treasury management, payment systems, and long-term value preservation strategies. This movement is led by both crypto-native firms and traditional businesses seeking innovation in financial operations.
Companies cite reasons such as hedging against inflation, improving transaction efficiency, and accessing new liquidity pools through tokenization. The growing institutional acceptance of digital assets suggests that crypto reserves may become a standard feature in corporate balance sheets in the coming years.
Davis Commodities Integrates Bitcoin and RWA Tokenization
Davis Commodities Limited, a Singapore-based agricultural trading company, has received approval for a $30 million strategic growth initiative. The plan focuses on two key areas: establishing a Bitcoin reserve and real-world asset (RWA) tokenization.
Key Allocations:
- Bitcoin Reserves: An initial $4.5 million will be allocated to Bitcoin, with a long-term goal of dedicating 40% of the treasury to BTC. The company views Bitcoin as a reliable store of value and a growth asset.
- RWA Tokenization: Half of the funds will support the tokenization of agricultural commodities like sugar and rice. This is expected to enhance liquidity, reduce operational costs, and potentially generate up to $50 million in additional annual revenue.
- Technology Development: The remaining capital will be used to strengthen digital infrastructure and form strategic partnerships.
This initiative aims to modernize global commodity trading through blockchain-based solutions.
SharpLink’s $425 Million Ethereum Treasury Strategy
iGaming company SharpLink has announced a $425 million private investment in public equity (PIPE) to fund its new Ethereum treasury strategy. Inspired by Michael Saylor’s Bitcoin acquisition model, SharpLink is one of the first publicly traded firms to adopt Ethereum as a primary reserve asset.
The investment round was led by Consensys, with participation from prominent firms such as Pantera Capital, Galaxy Digital, and Electric Capital. This move signals growing corporate confidence in Ethereum’s long-term value and utility beyond Bitcoin.
Wellgistics Health Adopts XRP for Payments and Reserves
Wellgistics Health, a pharmaceutical distribution company, has launched an initiative to integrate XRP into its financial operations. Backed by a $50 million credit facility, the company will use XRP for real-time payments and as a treasury reserve asset.
This approach is designed to reduce banking delays, lower transaction costs, and increase transparency across its national distribution network. Wellgistics is among the first healthcare-sector firms to adopt XRP for treasury purposes.
Leading Public Companies with Bitcoin Reserves
Several publicly listed companies now hold significant amounts of Bitcoin, reflecting a broader trend of institutional adoption.
Strategy: The Largest Corporate BTC Holder
Formerly known as MicroStrategy, Strategy remains the world’s largest corporate holder of Bitcoin. With over 592,100 BTC, the company has embedded Bitcoin into its core financial strategy as a hedge against inflation and a primary treasury asset.
Under the leadership of Michael Saylor, Strategy has utilized various financial instruments, including corporate debt and equity sales, to continuously expand its Bitcoin holdings.
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MARA’s Mining-Led Bitcoin Accumulation
MARA, previously Marathon Digital Holdings, holds 48,237 BTC worth approximately $7.0 billion. As a Bitcoin mining company, MARA’s profitability is closely tied to mining efficiency and Bitcoin’s market price.
The company produced over 9,400 BTC in 2024, with an estimated average production cost of around $55,000 per Bitcoin.
Twenty One’s Growing BTC Treasury
Bitcoin mining firm Twenty One has been steadily accumulating BTC, reaching a holding of 31,500 BTC valued at around $439 million. The company’s strategy focuses on treasury diversification and balance sheet optimization through Bitcoin.
Riot Platforms’ Bitcoin-Centric Balance Sheet
Riot Platforms holds 19,211 BTC, worth nearly $2 billion. Bitcoin constitutes over 63% of the company’s market capitalization, highlighting its deep integration into Riot’s business model.
The firm’s performance is heavily influenced by Bitcoin’s price trends and mining economics.
Galaxy Digital’s Diversified Crypto Holdings
Galaxy Digital Holdings maintains a diversified portfolio of digital assets, including 13,704 BTC valued at approximately $1.4 billion. The company operates as a financial services firm focused on digital assets, decentralized finance (DeFi), and investment management.
Bitcoin represents about 20% of Galaxy’s market capitalization, with the remainder tied to other crypto investments and ventures.
FAQ: Frequently Asked Questions
Why are public companies buying Bitcoin?
Public companies are acquiring Bitcoin to hedge against inflation, diversify treasury assets, and potentially achieve higher returns. Bitcoin’s limited supply and decentralized nature make it an attractive alternative to traditional reserves like cash or bonds.
Why is Bitcoin popular in corporate treasuries compared to other cryptocurrencies?
Bitcoin is the most established cryptocurrency with the highest market capitalization and liquidity. Its widespread recognition and regulatory clarity make it a lower-risk option for corporations entering the digital asset space.
Why did SharpLink choose Ethereum over Bitcoin?
SharpLink may see greater potential in Ethereum’s utility, such as smart contract functionality and a broader ecosystem for decentralized applications. Ethereum’s ongoing upgrades and institutional adoption likely contributed to this decision.
What is Real-World Asset (RWA) tokenization?
RWA tokenization involves converting physical assets—like commodities, real estate, or art—into digital tokens on a blockchain. This process enhances liquidity, enables fractional ownership, and reduces transaction costs.
How do companies benefit from using XRP?
XRP enables fast, low-cost cross-border transactions. Companies like Wellgistics use it to streamline payments, reduce banking fees, and improve financial efficiency across international operations.
Is corporate Bitcoin adoption increasing?
Yes, more companies across various sectors are adding Bitcoin to their balance sheets. This trend is supported by growing institutional investment services, regulatory developments, and broader acceptance of digital assets.
Conclusion
The integration of cryptocurrencies into corporate treasuries is becoming a mainstream financial strategy. From Bitcoin and Ethereum to XRP, companies are leveraging digital assets to enhance liquidity, reduce costs, and position themselves at the forefront of financial innovation.
As more firms announce crypto reserves and tokenization projects, this trend is likely to accelerate, shaping the future of corporate finance.