Bitcoin Is Shifting From a Treasury Asset to Corporate Capital Collateral

Corporate Bitcoin strategies followed a simple playbook: acquire BTC, hold it on the balance sheet, and wait for appreciation over time. A new phase is beginning to reshape that relationship. Companies are increasingly using their bitcoin holdings as collateral to raise capital, turning what was once a passive treasury asset into a source of corporate financing.That shift is becoming visible in institutional lending markets. According to Two Prime, public companies are increasingly borrowing aga