Bitwise CIO calls Bitcoin ‘best horse in the race’ to explain accelerated corporate buys – CryptoSlate

Unprecedented deficits and money creation are pushing CFOs into alternative stores of value, such as Bitcoin.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitwise CIO Matt Hougan said the “megatrend” of public companies adding Bitcoin (BTC) to treasury reserves will continue accelerating as the movement is still in its early stages.
Hougan made the statement during a June 10 interview on CNBC, where he highlighted that 79 listed firms now hold roughly $57 billion worth of Bitcoin as of March-end.
Corporations have historically placed surplus cash in short-term Treasuries or bank deposits to store value. However, Hougan argued that unprecedented deficits and money creation now push finance chiefs to seek an alternative store of value. 
He said:
“They [corporations] need another way to protect their wealth from degradation. And they’re turning to the best horse in that race, which is Bitcoin.”
Hougan added that equity markets have rewarded companies that disclose purchases, reinforcing the appeal of balance-sheet exposure.
Hougan linked corporate demand to rising confidence in Bitcoin’s role as “digital gold.” Binance Research’s June “Monthly Market Insights” report reiterated the fast growth.
According to the report, 116 public firms now control approximately 809,100 BTC as of May 31, up from 312,200 one year earlier. More than 25 companies have revealed new allocations since early April. 
Average monthly buying exceeds 40,000 BTC, aided by recent entrants such as Trump Media, Nakamoto, GameStop, and PSG. Strategy remains the largest holder, making up nearly 72% of the total.
Furthermore, the report noted that a fresh all-time price high near $112,000 “renewed corporate FOMO” as boards pursue both upside and inflation protection.
It also cited improving US regulatory signals and 2025 accounting changes that will allow fair-value treatment, removing impairment charges that once discouraged treasurers.
Hougan projected that corporate treasuries could exceed 1 million BTC by 2026 if current purchase rates persist. Meanwhile, Binance Research framed the target as attainable under stable macro conditions and continued regulatory progress. 
Additionally, Bitwise CIO expects more cash-rich multinationals to diversify this year, as concerns about dollar debasement remain at the forefront of their minds.
He believes that this will eventually push Bitcoin allocations from a niche practice to a mainstream treasury management norm.
Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.

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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Bitwise Asset Management pioneered the first cryptocurrency index fund and is the leading provider of rules-based exposure to the cryptoasset space..
Binance is a global leader in the blockchain ecosystem and cryptocurrency infrastructure, offering a comprehensive suite of services, including the world’s largest digital asset exchange by trading volume.
Strategy, previously known as MicroStrategy, is an American software company specializing in enterprise analytics, mobility software, and cloud-based services.
Trump Media & Technology Group (TMTG) was founded with the goal of creating a digital media ecosystem that challenges the dominance of major tech platforms.
Matthew Hougan is one of the world’s leading experts in cryptocurrency, exchange-traded funds (ETFs), and financial technology.
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