The majority of Bitcoin treasury companies—73%—carry debt, with 39% having liabilities exceeding the total value of their Bitcoin holdings.
According to a report by Jinse Finance, the latest dataset released by CoinTab shows that most publicly tracked Bitcoin-holding companies are not simply sitting on large amounts of (digital) gold; they also carry considerable debt while holding Bitcoin. In many cases, the total amount of these liabilities even exceeds the value of the Bitcoin itself. Among companies holding Bitcoin on their balance sheets, 73% are in debt, and 39% have liabilities that surpass the value of their Bitcoin holdings at current prices. About one-tenth of these companies appear to have accumulated Bitcoin directly through borrowing, effectively turning their reserve strategy into leveraged trading.
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The majority of Bitcoin treasury companies—73%—carry debt, with 39% having liabilities exceeding the total value of their Bitcoin holdings.
According to a report by Jinse Finance, the latest dataset released by CoinTab shows that most publicly tracked Bitcoin-holding companies are not simply sitting on large amounts of (digital) gold; they also carry considerable debt while holding Bitcoin. In many cases, the total amount of these liabilities even exceeds the value of the Bitcoin itself. Among companies holding Bitcoin on their balance sheets, 73% are in debt, and 39% have liabilities that surpass the value of their Bitcoin holdings at current prices. About one-tenth of these companies appear to have accumulated Bitcoin directly through borrowing, effectively turning their reserve strategy into leveraged trading.