Bitcoin Corporate Balance Sheet Watch Monthly Update: February

What started out as a slow trickle of institutional investment pouring into the bitcoin market is developing into a steady stream that will, in time, turn into an all out flood. Let the game theory commence!

Prior to 2020, institutional and corporate interest in bitcoin was rather inconsequential. Though it started as a grassroots phenomenon, led mostly by “retail” for the first 11 years of its history, the rubicon was definitely crossed for bitcoin in 2020 with the COVID-19 pandemic and subsequent economic recession brought about record levels of monetary expansion globally. As a result, institutional and corporate interest in bitcoin as a monetary asset has exploded. While investors like Paul Tudor Jones, Stanley Druckenmiller and others have come out as bullish on bitcoin, publicly-traded companies that have turned to BTC will be the focus of this article.

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