in the wake of President-elect Donald Trump Following the proposal to create a strategic reserve of Bitcoin (BTC) at the National Bitcoin Conference in Nashville earlier this year, there has been a notable rise in Bitcoin adoption by many countries and companies. This month alone, nine major companies from diverse sectors, including finance, healthcare, and artificial intelligence (AI), have embraced the leading cryptocurrency as a leading digital currency. Strategic reserve assets.
Bitcoin as a strategic reserve asset
One big player making headlines is Rumble, a video platform that caters to conservative audiences. Company Announce Its intention is to allocate part of its excess cash reserves – up to $20 million – in Bitcoin. Chris Pavlovsky, Chairman and CEO of Rumble, emphasized BTC’s long-term potential, saying:
We believe that the world is still in the early stages of Bitcoin adoption. Unlike any government-issued currency, Bitcoin is not diluted by endless money printing, enabling it to be a valuable hedge against inflation and an excellent addition to our treasury.
Likewise, LQR House, a niche e-commerce platform, has revealed its strategic pivot towards cryptocurrencies, and plans to purchase up to $1 million worth of Bitcoin as part of a… Its new business strategy.
The Japanese company Remixpoint, which operates in the energy and automotive sectors, announced Plan To acquire Bitcoin worth 500 million yen (about $3.27 million). This purchase will expand the company’s total cryptocurrency holdings to approximately 3.5 billion yen ($22.92 million).
In the artificial intelligence sector, Genius Group has also strengthened its investments in Bitcoin, more Its BTC treasury added an additional $4 million, bringing its total to 153 coins worth $14 million.
This decision comes on the heels of the company previously announcing a “Bitcoin First” strategy, pledging to allocate 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million.
Key for healthcare companies and media companies
The healthcare industry is not lagging behind, with international healthcare group Cosmos recently taking over to merge Bitcoin and Ethereum (ETH) in its treasury reserves as part of a forward-looking investment strategy.
Hoth Therapeutics and Acurx Pharmaceuticals are both approved purchases Up to $1 million worth of Bitcoin, recognizing its potential as a “strong treasury reserve asset” amid growing institutional interest and approval of cryptocurrencies Exchange-traded funds (Traded Funds) in the United States.
Thumzup Media Corp, a social media branding and marketing solutions provider, has also joined the trend, with its board of directors. Approval A million dollar investment in Bitcoin.
CEO Robert Steele cited the growing demand for Bitcoin and its recognition as a leading asset class, calling it a strong addition to their treasury strategy due to its limited supply and “inflation-resistant properties.”
Finally, the Canadian company Jiva Technologies Announce It plans to integrate Bitcoin into its treasury strategy, approving an investment of up to $1 million. CEO Lorne Rabkin highlighted Bitcoin’s growing reputation as a reliable asset class and inflation hedge, reflecting a broader trend toward diversification of financial holdings.
At the time of writing, Bitcoin is trading at $96,250, up 5% over the past 24 hours.
Featured image of DALL-E, chart from TradingView.com