More companies name BTC a treasury reserve asset

Nano Labs’ news release notes confidence in bitcoin being “a reliable store of value amidst its rising global adoption”

article-image

Ivan Popovych/Shutterstock modified by Blockworks

share


This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.


We saw bitcoin treasury strategies start to proliferate earlier this year, with Japanese investment firm Metaplanet, for example, looking to become “Asia’s first MicroStrategy” in April. More buys are coming, its CEO said over the weekend:

Loading Tweet..

Medical tech company Semler Scientific, which bought $40 million of BTC in May, said this morning it acquired 215 BTC between Nov. 6 and Nov. 15. It now holds 1,273 bitcoins. DeFi Technologies purchased 110 BTC in June and had about 204 BTC in its treasury, as of Sept. 30.

Now, after the election, even more companies are apparently ready to buy and hold BTC.

Battery materials provider Solidion Technology said last week it would commit 60% of its excess cash from operations (plus a portion of raised capital) to BTC buys. It will also convert interest earnings on cash held in money market accounts to BTC. 

Solidion notes “the potential for favorable regulatory frameworks and increased institutional adoption, highlighted by the recent wave of bitcoin ETFs” as reasons. 

This morning, two others — China-based integrated circuit design company Nano Labs and Chicago-headquartered Cosmos Health — shared similar intentions, and rationale.

Nano Labs’ news release notes confidence in bitcoin being “a reliable store of value amidst its rising global adoption.” 

Cosmos Health CEO Greg Siokas said in a statement he views both BTC and ETH “not only as potential hedges against inflation and currency devaluation but also as diversification tools offering substantial upside potential.”

Companies buying bitcoin for their treasuries is a piece of the “widespread adoption” narrative on the crypto bull case bingo card.

We continue to watch for if and when the US government, and individual states, could put similar bitcoin reserve plans in motion. It would clearly be big news and likely spur another chapter to the existing price rally. 


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research

article-image

Judge Analisa Torres said the parties have not demonstrated that vacating her prior ruling is in the best interest of the public

article-image

Prediction markets have found a mainstream fit

article-image

Money for enemies isn’t fun, but crypto can be

article-image

Onchain SOL perps wiped $31 million, outpacing CEX volumes two days in a row

article-image

Fed Chair Jerome Powell told Senators Wednesday that the timeline on lowering interest rates is up in the air

article-image

Credit infrastructure DeFi protocol Grove makes allocation into a CLO segment “ripe for movement into DeFi”