Business Use of Cryptocurrencies develops beyond payments, with a number of companies adopting Bitcoin And other digital assets such as core tax reserves. A report Thursday from the rating company Morningstar DBRS warns that this strategy may increase credit risk profiles.
According to BitCintreasuries.net, approx. 3.68 million BTC (worth around $ 428 billion from August 19) is held across businesses, exchange -traded funds (ETFS)Governments, decentralized funding (Defi) Protocols and Depotors. This is approx. 18% of Bitcoin’s circulating supply.
Funds dominate with 40% of the inventory, followed by public companies at 27%. This exposure remains very concentrated. A company, strategy (Mstr)Checking over 629,000 BTC, which accounts for 64% of all treasurers, the report noted.
Morningstar DBRS highlighted a number of vulnerabilities in corporate crypto state -box strategies, including legislative uncertainty, liquidity challenges during periods of volatility and exposure to exchange modes.
Heavy dependence on Bitcoin reserves could silk liquidity control, while the sharp price fluctuations of the asset add additional risk.
The company also noted that different tokens have different technological issues and government issues, and custody, whether handled internally or through a third party, a critical security problem remains.
Company recording of crypto -Statskasse strategies is expected to grow, led by companies such as strategy and Mara Holdings (Mara). Morningstar DBRS warned that concentration, volatility and legislative complexity mean that such strategies could significantly reshape how the credit markets assess business risk.
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