Musings on Markets · 2025-07-18
· 321d
Corporate Cash Management Strategy: Evaluating Bitcoin Holdings as a Treasury Asset
An analysis of whether corporations should allocate cash reserves to Bitcoin, examining cash's role in corporate finance and arguing against Bitcoin holdings for most companies due to management timing risks. The author discusses cash motives across the corporate lifecycle and identifies limited scenarios where Bitcoin treasury strategy may be justified with proper governance.
Metrics in this report
Apple Cash Holdings
$200 billion$
often exceeded
Technology companies