Bitcoin Holdings Surge Among Corporate Treasuries, Says Standard Chartered Expert

According to Foresight News, Cointelegraph reports that Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, has highlighted a significant trend in corporate treasury strategies involving Bitcoin reserves. Kendrick noted that at least 61 companies now hold a combined total of 3.2% of Bitcoin in their treasuries, marking a growth of over 100% in the past two months. Among the analyzed corporate treasuries, 58 have a net asset value (NAV) multiple greater than 1, indicating a positive valuation trend. This shift reflects an increasing adoption of Bitcoin as a strategic asset by corporations, driven by its potential for value appreciation and diversification benefits.