For treasuries to do so and stay competitive, Kiernan unpacks three broad strategies that are emerging. The era of buying bitcoin and calling it a treasury strategy is over. By early 2026, more than 200 publicly listed companies hold digital assets on their balance sheets, collectively managing over $115 billion ( DLA Piper, October 2025 ). The total market capitalization of these companies reached approximately $150 billion by September 2025 – a nearly fourfold increase from the year before. Y…
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