Share this article
Cathie Wood: More Tech Companies Will Adopt Bitcoin Treasury Reserves
Wood said large companies are asking her if they should follow Square's lead.
By Danny Nelson
Updated Sep 14, 2021, 11:01 a.m. Published Jan 25, 2021, 10:22 p.m.
ARK Investment Management CEO Cathie Wood said she believes more companies will load their balance sheets up with bitcoin.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In a Saturday interview with Yahoo Finance, the exchange-traded fund (ETF) magnate and outspoken bitcoin advocate said large companies have asked her if they should follow Square's lead. Square is one of the few public companies to invest in bitcoin as an inflation hedging strategy.
"I think we're going to hear about more companies putting this hedge on their balance sheet," she said, "particularly tech companies who understand the technology and are comfortable with it."
Her prognosticatoions have yielded returns faster than ARK's upcoming Space ETF. On Monday, bitcoin miner Marathon Patent Group bought $150 million in bitcoin. The company is by its nature perhaps best-suited to understand the nuances of bitcoin and blockchain technology.
Read more: Cathie Wood: Ahead of the Curve
But the market-leading cryptocurrency's recent price swings have also highlighted the danger of inexperienced companies trying to bet on bitcoin treasuries.
One day before Wood's interview, virtual reality company NexTech AR dumped its 130 BTC treasury reserve, a "long-term" investment the Canadian company had disclosed in late December. Executives had gotten spooked by false media reporting on a so-called "double-spend" on the bitcoin blockchain.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
