A New Frontier in Corporate Bitcoin Investment
Bitwise Asset Management, a premier crypto asset manager overseeing $12 billion in client assets, has unveiled the groundbreaking Bitwise Bitcoin Standard Corporations ETF (OWNB). This innovative ETF tracks the Bitwise Bitcoin Standard Corporations Index, a curated equity index spotlighting companies holding at least 1,000 bitcoin in their corporate treasuries.
Why Companies Are Embracing Bitcoin
Over 70 public companies—including industry giants like Tesla, Block, and Semler Scientific—collectively hold $60+ billion in bitcoin. This trend mirrors MicroStrategy’s (MSTR) pioneering strategy, positioning bitcoin as a scarce, liquid reserve asset amid concerns over fiat currency devaluation.
“Companies perceive bitcoin as a hedge against government deficits and inflation,” explains Matt Hougan, Bitwise CIO. “With trillions in corporate cash reserves, this is just the beginning.”
Index Composition & Key Holdings
The Bitwise Bitcoin Standard Corporations Index employs a disciplined methodology:
- Minimum Threshold: 1,000 bitcoin holdings.
- Weighting: Scaled by bitcoin ownership (capped at 20% per holding).
- Rebalancing: Quarterly adjustments for diversification.
Top 10 Holdings (as of launch):
| Company | Ticker | Weighting |
|------------------------|------------|-----------|
| MicroStrategy | MSTR | 20.87% |
| MARA Holdings | MARA | 12.12% |
| CleanSpark | CLSK | 6.26% |
| Riot Platforms | RIOT | 6.23% |
| Boyaa Interactive | 434 HK | 5.75% |
(Full list includes Metaplanet, Aker ASA, Bitfarms, and Galaxy Digital.)
Investment Rationale & Market Context
- Corporate Cash Reserves: U.S. firms hold $4.5 trillion in cash/deposits** and **$1 trillion in Treasuries (Federal Reserve, 2024).
- Bitcoin’s Appeal: Scarcity (21M cap), decentralization, and immunity to monetary inflation drive adoption.
- ETF Advantage: OWNB offers indirect bitcoin exposure via equities—ideal for investors wary of direct crypto volatility.
👉 Discover how OWNB compares to other crypto ETFs
Risks & Considerations
- Bitcoin Volatility: Prices fluctuate rapidly—impacting corporate valuations.
- Regulatory Uncertainty: Global policies on bitcoin holdings vary.
- Concentration Risks: Non-diversified portfolio leans heavily on bitcoin-centric firms.
“Invest only if prepared for significant value swings,” warns Bitwise’s prospectus.
FAQs
Q: Does OWNB hold bitcoin directly?
A: No. It invests in companies holding bitcoin, not the asset itself.
Q: How often is the index rebalanced?
A: Quarterly, ensuring diversification.
Q: What’s the minimum bitcoin threshold for inclusion?
A: 1,000 bitcoin.
👉 Explore Bitwise’s full product suite
About Bitwise
Founded in 2017, Bitwise is a leader in crypto investment solutions, serving advisors, institutions, and family offices. With 100+ professionals and a track record of excellence, Bitwise bridges traditional finance and crypto innovation.
Note: OWNB is distributed by Foreside Fund Services, LLC—unaffiliated with Bitwise.
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