Dominari Holdings Embraces Bitcoin with New Treasury Strategy
Dominari Holdings has unveiled its “Dominari Bitcoin Treasury” strategy. The company is now investing part of its cash reserves in Bitcoin (BTC). Specifically, it will channel excess cash and earnings into BlackRock’s iShares Bitcoin Trust ETF, the worldS largest Bitcoin ETF.
So far,Dominari has invested $2 million in this initiative. As its cash reserves grow, the company plans to increase its Bitcoin holdings. This move aligns with a growing trend among customary firms looking to diversify their assets.
Other companies, like MicroStrategy and Semler Scientific, have also made significant bitcoin investments. They see it as a hedge against inflation and currency devaluation. Investing in Bitcoin ETFs, such as IBIT, allows firms to benefit from Bitcoin’s potential without the hassles of direct ownership, like storage and security.
KULR Technology Group exemplifies this trend. It recently boosted its Bitcoin holdings to 668.3 BTC by purchasing an additional $5 million worth. KULR committed in December 2024 to allocate up to 90% of its surplus cash to bitcoin. The company has reported a 181.1% BTC yield year to date.
As more corporations adopt similar strategies, the integration of digital assets into traditional finance is accelerating. This shift highlights the growing acceptance of Bitcoin in the corporate world.
