According to Bitcoin Treasuries, Strive CEO Matt Cole said some large institutions are unable to buy bitcoin directly or gain exposure through spot bitcoin exchange-traded funds because their investment mandates are limited to equities. As a result, those investors turn to shares of bitcoin treasury companies as an alternative route to BTC exposure. Cole’s comment points to a structural constraint in institutional allocation: when direct purchases of bitcoin or bitcoin ETFs are off limits, listed companies holding bitcoin on their balance sheets can become the practical substitute. The remark was cited by ChainCatcher in a brief market update.
According to Bitcoin Treasuries, Strive Chief Executive Officer Matt Cole said some large institutions cannot buy bitcoin directly or purchase bitcoin ETFs because their investment authorization is restricted to equities.
Cole said those institutions instead buy shares of bitcoin treasury companies to gain BTC exposure.
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