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Homepage/Bitcoin News/Fold, Bitdeer Join Tesla in Bitwise OWNB Fund
BITCOIN NEWS

Fold, Bitdeer Join Tesla in Bitwise OWNB Fund

BY Solomon M.·2 MIN READ·MARCH 25, 2025

The increase in the index’s participants reflects the ongoing adoption of Bitcoin in corporate treasuries, illustrating a significant embrace of digital assets by mainstream companies.

KEY FINDINGS - EVIDENCE LEVEL: MULTI-SOURCE
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Key Takeaways:

  • Bitwise welcomes Fold and Bitdeer to its Bitcoin index.
  • Fold Holdings’ BTC holdings value at $124 million.
  • Bitdeer enhances its corporate Bitcoin integration.

fold-bitdeer-join-tesla-in-bitwise-ownb-fund
Fold, Bitdeer Join Tesla in Bitwise OWNB Fund
Bitwise Asset Management expanded its Bitcoin Standard Corporations Index by including Fold Holdings ($FLD) and Bitdeer Technologies ($BTDR). This inclusion enhances the visibility of these companies in the Bitcoin investment landscape.

Fold Holdings now holds 1,485 BTC, valued at $124 million, while Bitdeer Technologies holds 1,090 BTC, valued at $91 million. Such integrations illustrate their Bitcoin strategy.

The index’s enlargement points towards industries increasingly adopting Bitcoin, indicating a more profound impact on market structures and business strategies. Companies are now more willing to integrate Bitcoin as a reserve asset.

Bitcoin is currently the leading cryptocurrency, valued at approximately $87,908 per BTC. It maintains a dominant market cap of $1.74 trillion, reflecting a 60.6% market dominance, according to CoinMarketCap data on March 25, 2025.

A lot of people wonder: Why do companies buy and hold bitcoin? The answer is simple: For the exact same reasons people do. Companies are sitting on trillions of dollars in cash, and they look at the U.S. government running a more than $2 trillion annual deficit and think, “This isn’t going to end well.” These companies perceive bitcoin as a strategic reserve asset that’s liquid and scarce—and not subject to the whims or money printing of any government. We think companies are only getting started here, and this ETF gives investors exposure to innovative firms at the forefront of this trend. — Matt Hougan, CIO, Bitwise Asset Management source

The rise in corporate Bitcoin adoption is expected to drive further regulatory scrutiny and potential enhancements in technological integrations. As Bitcoin continues increasing its institutional foothold, policy frameworks may evolve accordingly.

SOURCE TRANSPARENCY
  • External Source - Referenced domain: ir.bitdeer.com
  • External Source - Referenced domain: etfdb.com
  • External Source - Referenced domain: twitter.com
  • Byline - Reported by Solomon M.
  • Coverage Desk - Primary editorial category: Bitcoin News
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