Mike Novogratz Observes Peak in Corporate Bitcoin Adoption
Mike Novogratz, CEO and founder of Galaxy Digital, recently observed that the trend of companies using Bitcoin 
$ 0.000006 as a treasury reserve has reached its zenith, with a decreasing number of new participants entering the field. According to a report by Bloomberg based on Galaxy Digital’s second quarter earnings call, Novogratz expressed that they no longer anticipate large-scale entries by new companies in the Bitcoin space.
Shifts in Corporate Treasury Policies
Following the launch of spot Bitcoin and Ethereum 
$ 3,619 exchange-traded funds (ETFs) in 2024, the inclination to incorporate cryptocurrencies like BTC and ETH into corporate treasuries became prominent. Some pioneering companies that placed Bitcoin at the core of their treasury strategies, such as Michael Saylor’s MicroStrategy (formerly known as Strategy) and Japan-based Metaplanet, set a precedent for others. Their strategic choices influenced peers to consider similar approaches.
However, Novogratz commented that new entries in the use of crypto assets for corporate treasuries have peaked. He believes existing companies will continue to grow in the market, contributing significantly to the sector’s long-term potential. Novogratz expressed his views succinctly when he stated that the peak of corporate treasury issuances