Key Takeaways:
- Bitwise launches Bitcoin Corporate Treasury ETF (OWNB), investing in companies with at least 1,000 BTC in their treasuries.
- MicroStrategy (MSTR) is OWNB’s largest holding, alongside Bitcoin mining firms like Marathon (MARA) and Riot (RIOT).
- Corporate Bitcoin holdings surpass $54 billion, with MicroStrategy leading at $41 billion in BTC.
Bitwise has introduced the Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund that invests in companies with significant Bitcoin (BTC) holdings.
Announced on March 11, the ETF tracks the Bitwise Bitcoin Standard Corporations Index, which includes firms with at least 1,000 BTC in their corporate treasuries.
Today we’re launching the Bitwise Bitcoin Standard Corporations ETF, now trading with ticker OWNB.
— Bitwise (@BitwiseInvest) March 11, 2025
Over 70 companies today have adopted MSTR’s playbook of holding bitcoin as a corporate treasury asset. The Bitwise Bitcoin Standard Corporations Index holds the largest, those with… pic.twitter.com/Z7pqLGGx27
The ETF’s largest holding is MicroStrategy (MSTR), often viewed as a proxy for Bitcoin exposure due to its massive BTC reserves.
Other key holdings include Bitcoin mining companies like Marathon Digital (MARA), CleanSpark (CLSK), and Riot Platforms (RIOT), as well as stocks like Boyaa Interactive and Galaxy Digital (GLXY).
Bitwise has capped individual holdings at 20% to maintain portfolio balance.
Bitwise’s CIO, Matt Hougan, emphasized that companies holding Bitcoin do so for the same reasons as individuals—viewing it as a liquid, scarce, and non-government-controlled reserve asset.
With corporate Bitcoin holdings surpassing $54 billion, more companies are adding BTC to their balance sheets.
MicroStrategy leads the pack, with over $41 billion in Bitcoin, benefiting from BTC’s 350% surge in 2024.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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