Polish Companies Shift Financial Strategies to Include Bitcoin Reserves
More companies are adding bitcoin to their balance sheets as a long-term value strategy, led by MicroStrategy, which holds over 628,000 BTC valued at nearly $72 billion. This approach began in 2020 as a hedge against inflation.
- Japanese firm Metaplanet acquired over 17,500 BTC.
- Trump Media & Technology purchased 18,430 BTC for over $2.1 billion.
- Major holders include Coinbase, Riot Platforms, and Tesla.
Polish gaming companies Ice Code Games and Immersion Games plan to adopt similar strategies:
- Ice Code Games secured €1 million to build BTC reserves.
- Immersion Games aims to invest €1–1.5 million initially, targeting €50–100 million in the long term.
Risks involve potential losses if bitcoin prices fall, especially when purchases are financed through debt or shares. Security concerns also arise regarding private keys and cyberattacks amid changing regulations in Poland and the EU.
This strategy offers exposure to bitcoin without direct ownership and may provide tax advantages. Alternative options like ETFs may present similar exposure with management fees.
The success of this strategy depends on rising bitcoin prices. MicroStrategy recorded an unrealized loss of $5.9 billion when prices dropped earlier this year but later gained $10 billion in paper profits.
Over 70 companies globally have adopted this strategy or diversified reserves into bitcoin, including firms from India, Brazil, China, France, Norway, Sweden, and the UK, with Poland potentially joining soon.