25% of S&P 500 firms may hold Bitcoin by 2030

A tech-focused financial advisory firm predicts that one in four S&P 500 companies will hold Bitcoin (CRYPTO:BTC) on their balance sheets by 2030, driven by pressure on treasury managers to avoid missing potential gains.

“If you tried it and it worked, you’re a genius. If you tried it and it didn’t work, you at least tried. But if you didn’t try and have no good reason, your job may be at risk,” Architect Partners’ Elliot Chun stated.

Currently, only Tesla and Block (formerly Square) among S&P 500 firms hold Bitcoin, leaving at least 123 companies needing to adopt the strategy to meet Chun’s projection.

MicroStrategy (MSTR), the largest corporate Bitcoin holder, has seen its stock surge over 2,000% since its first BTC investment in August 2020, outperforming Bitcoin itself (781.1%) and the S&P 500 (64.8%).

While Bitcoin’s role as a treasury asset remains unproven for inflation hedging or risk management, Chun noted its advantages over gold.

Bitcoin is a digital commodity recognised as a tangible asset under GAAP standards, offering greater flexibility in storage and liquidity compared to physical gold.

However, Chun cautioned against firms replicating MicroStrategy’s model, calling it a “one-of-one” case.

MSTR initially provided exposure to Bitcoin when direct institutional access was limited, but the approval of spot Bitcoin ETFs in January 2024 has altered market dynamics.

Recent developments reflect growing interest: GameStop’s March 26 convertible notes offering aims to fund its first Bitcoin purchase, while Bitwise’s Bitcoin Standard Corporations ETF (launched March 11) tracks companies holding at least 1,000 BTC.

Analysts like ARK Invest’s Cathie Wood and Galaxy Digital’s Mike Novogratz project Bitcoin reaching $500,000–$1 million by 2030, though adoption hurdles persist.

Chun emphasised that Bitcoin’s treasury appeal hinges on its liquidity and digital nature, contrasting it with gold’s logistical challenges.

At the time of reporting, the Bitcoin (BTC) price was $81,637.91.