{"id":126653,"date":"2025-04-07T22:16:46","date_gmt":"2025-04-07T22:16:46","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126653"},"modified":"2025-04-07T22:16:46","modified_gmt":"2025-04-07T22:16:46","slug":"corporate-bitcoin-treasuries-drop-more-than-4b-on-us-tariff-hike-impact","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126653","title":{"rendered":"Corporate Bitcoin treasuries drop more than $4B on US tariff hike impact"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCorporate Bitcoin (BTC) treasuries collectively shed more than $4 billion in value after US President Donald Trump\u2019s tariffs triggered a global market sell-off, data shows.\u00a0<br \/>\nAs of April 7, corporate Bitcoin holdings are worth approximately $54.5 billion in the aggregate, down from roughly $59 billion before April 2, according to data from BitcoinTreasuries.net.<br \/>\nThe cryptocurrency\u2019s volatility has also weighed on publicly traded Bitcoin holders\u2019 share prices.<br \/>\nThe Bitwise Bitcoin Standard Corporations ETF (OWNB) \u2014 an exchange-traded fund (ETF) tracking a diverse basket of corporate Bitcoin holders \u2014 has lost more than 13% since Trump announced sweeping US import tariffs on April 2, according to Yahoo Finance.<br \/>\nEven shares of Strategy \u2014 the de facto Bitcoin hedge fund founded by Michael Saylor that pioneered corporate Bitcoin buying \u2014 are down, clocking losses of more than 13% since April 2, Google Finance data showed.\u00a0<br \/>\nThe losses highlight ongoing concerns about Bitcoin\u2019s increasing popularity as a corporate treasury asset. Historically, corporate treasuries hold extremely low-risk assets like US Treasury Bills.<br \/>\n\u201cCryptocurrencies&#8217; high volatility and uncertain regulatory landscape are misaligned with the fundamental goals of treasury management [such as] stability, liquidity, and capital preservation,\u201d David Krause, a finance professor at Marquette University, said in a January research publication.\u00a0<br \/>\nEntities holding Bitcoin. Source: BitcoinTreasuries.NETRelated: Bitcoin, showing &#8216;signs of resilience&#8217;, beats stocks, gold as equities fold \u2014 Binance<br \/>\nIs Bitcoin right for corporate treasuries?<br \/>\nIn 2024, surging Bitcoin prices pushed Strategy\u2019s shares up more than 350%, according to data from FinanceCharts.\u00a0<br \/>\nStrategy\u2019s success has inspired dozens of copycats, but investors are becoming skeptical.<br \/>\nIn March, GameStop lost nearly $3 billion in market capitalization as shareholders second-guessed the videogame retailer\u2019s plans to stockpile Bitcoin.\u00a0<br \/>\n\u201cThere are question marks with GameStop&#8217;s model. If bitcoin is going to be the pivot, where does that leave everything else?\u201d Bret Kenwell, US investment analyst at eToro, told Reuters on March 27.\u00a0<br \/>\nThe case for Bitcoin as a corporate treasury asset. Source: Fidelity Digital AssetsStill, adding Bitcoin to corporate treasuries can \u201cpotentially be a valuable hedge against growing fiscal deficits, currency debasement, and geopolitical risks,\u201d asset manager Fidelity Digital Assets said in a 2024 report.<br \/>\nThat thesis may already be playing out as Trump\u2019s tariffs rattle markets, Binance said in an April 7 research report.\u00a0\u00a0<br \/>\n\u201c[I]n the wake of recent tariff announcements, BTC has shown some signs of resilience, holding steady or rebounding on days when traditional risk assets faltered,\u201d Binance said.<br \/>\nInvestors \u201cwill be watching closely to see if BTC is able to retain its appeal as a non-sovereign, permissionless asset in a protectionist global economy,\u201d according to the report.<br \/>\nMagazine:\u00a0Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler\u2019s Digest, March 30 \u2013 April 5<a href=\"https:\/\/cointelegraph.com\/news\/corporate-bitcoin-treasuries-down-4b-us-tariff-hike-impact?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCorporate Bitcoin (BTC) treasuries collectively shed more than $4 billion in value after US President Donald Trump\u2019s tariffs triggered a global market sell-off, data shows.\u00a0 As of April&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126653"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126653"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126653\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126653"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}