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Bitcoin for Corporations

Thousands of Canadian corporations are putting Bitcoin on their balance sheet. Is it right for your business?

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‍Top 15 Canadian Publicly-Traded Companies Who Hold Bitcoin

Company Name
Market Cap*
Bitcoin Holdings*
Hut 8 Mining Corp
HUT
$1,889.50M
₿ 10,208
Galaxy Digital Holdings Ltd
GLXY.TO
$6,348.18M
₿ 3,150
HIVE Digital Technologies
HIVE
$351.94M
₿ 2,657
Bitfarms Ltd.
BITF
$654.26M
₿ 1,152
DMG Blockchain Solutions Inc.
DMGI.V
$46.93M
₿ 423
Neptune Digital Assets
NDA.V
$158.24M
₿ 376
DeFi Technologies
DEFI.NE
$964.19M
₿ 204.3
LQWD Technologies Corp.
LQWD.V
$27.03M
₿ 161
Banxa Holdings Inc.
BNXAF
$46.65M
₿ 136
BIGG Digital Assets Inc.
BIGG.V
$39.86M
₿ 100
Matador Technologies Inc
MATA.V
$28.29M
₿ 68.14
Mogo Inc.
MOGO
$29.33M
₿ 50
Cathedra Bitcoin Inc.
CBIT.V
$11.16M
₿ 48.1
WonderFi
WNDR.TO
$112.71M
₿ 42.6
SATO Technologies Corp
SATO.V
$10.26M
₿ 36
*Market cap and Bitcoin holdings as of February 11th, 2025 as shown on BitcoinTreasuries.net.

Why Canadian Corporations Should Consider Adding Bitcoin to Their Balance Sheet


In recent years, Bitcoin has transitioned from a niche digital asset to a serious consideration for institutional investors and corporations alike. As companies look for innovative ways to manage their treasury strategies, Bitcoin presents a compelling opportunity. Below are key reasons why forward-thinking corporations, including Canadian companies, might want to allocate a portion of their balance sheet to Bitcoin.

‍

‍Hedge Against Inflation

Traditional fiat currencies are subject to inflation, which erodes purchasing power over time. With central banks around the world engaging in quantitative easing and maintaining low-interest rates, the risk of inflation remains a concern.

In Canada, the inflation rate reached 8.1% in June 2022, the highest in nearly 40 years, due in part to rising energy and food costs. The purchasing power of the Canadian dollar has significantly declined over the past decade. Bitcoin’s capped supply of 21 million coins makes it a deflationary asset, offering a hedge against the devaluation of fiat currencies, including the Canadian dollar.

‍

‍Diversification of Treasury Holdings

Relying solely on traditional financial instruments, such as cash or government bonds, exposes corporations to certain risks. Bitcoin, as a non-correlated asset, provides diversification benefits. By including Bitcoin alongside traditional treasury assets, Canadian companies can better balance their portfolios against market fluctuations. Diversifying with Bitcoin can act as a buffer during times of economic uncertainty or when traditional assets underperform.

‍

Potential for Capital Appreciation

Bitcoin’s historical performance has demonstrated significant long-term appreciation despite periods of volatility. Early adopters of Bitcoin, such as MicroStrategy (MSTR) and Tesla (TSLA), have already seen substantial gains on their Bitcoin investments. In Canada, publicly listed companies such as WonderFi (TSX:WNDR) and Hut 8 (HUT) have leveraged their Bitcoin holdings as part of their financial strategies. While past performance is not indicative of future results, the potential for capital appreciation remains an attractive incentive.

‍

Enhanced Corporate Image

Embracing Bitcoin signals that a company is innovative, forward-thinking, and aligned with the digital economy’s evolution. This can be a strong differentiator in competitive markets and may attract tech-savvy investors, partners, and customers. Canadian companies that adopt Bitcoin could position themselves as leaders in the rapidly evolving fintech landscape.

‍

Access to a Global Digital Economy

Bitcoin operates on a decentralized network, making it borderless and accessible to anyone with an internet connection. Holding Bitcoin can facilitate faster and more cost-effective cross-border transactions compared to traditional banking methods, opening up new opportunities for international trade—a significant advantage for Canadian export-driven businesses.

‍

Liquidity and Security Improvements

The cryptocurrency market has matured significantly, offering deep liquidity and robust custody solutions for institutional investors. Companies can now securely store and manage their Bitcoin holdings through reputable custodians and wallet solutions. Canadian firms can benefit from local custody services and exchanges that comply with Canadian regulatory standards. If you are looking for regulated option to buy Bitcoin

Regulatory and Compliance Advancements

Regulatory clarity around digital assets is improving, with frameworks being developed to guide their adoption. In Canada, regulatory bodies such as the Canadian Securities Administrators (CSA) and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) are creating guidelines to ensure the responsible adoption of digital assets. As Bitcoin gains recognition as a legitimate asset class, Canadian companies can feel more confident about its integration into their financial strategies.

‍

Best Practices for Corporations Considering Bitcoin

  1. Define Clear Investment Objectives: Establish whether Bitcoin is being acquired as a hedge, a speculative investment, or for operational use.
  2. Engage Financial Advisors: Work with experienced advisors to determine an appropriate allocation and strategy.
  3. Implement Secure Custody Solutions: Ensure the safekeeping of Bitcoin through trusted custodians and security protocols.
  4. Monitor and Adjust Strategy: Continuously assess market conditions and adjust holdings as necessary.

‍

Looking to put Bitcoin on your balance sheet? Reach out to Bitbuy Corporate Solutions or Coinsquare Alpha for two options of regulated Canadian providers that you can help you on your Bitcoin journey.

Both firms have helped thousands of Canadian businesses work with Bitcoin, put Bitcoin on their balance sheet, and manage their Bitcoin treasuries. Both public and private, and companies of all sizes.

Disclaimer: Bitcoin.ca is owned and operated by WonderFi Technologies Inc. (TSX:WNDR), a publicly traded owner and operator of regulated crypto trading platforms Coinsquare and Bitbuy.

‍

‍

Frequently Asked Questions About Investing in Bitcoin

Here are frequently asked questions about how to invest in Bitcoin in Canada and the broader aspects of the crypto sector:

What is Bitcoin?

Bitcoin is a digital currency that was created in January 2009 in the wake of the Global Financial Crisis and following the U.S. housing market crash. It is decentralized, meaning it operates without a central authority like a bank. Bitcoin transactions are verified by network nodes through cryptography and registered in a public distributed ledger called a blockchain.

How does Bitcoin work?

Bitcoin uses decentralized peer-to-peer technology to operate without a central authority. The network processes transactions collectively. Bitcoin’s blockchain ensures transparency and security by recording every transaction in a public ledger.

How can I buy Bitcoin?

You can purchase Bitcoin through cryptocurrency exchanges. You will need to create an account, verify your identity, and link your bank account or credit card. Once set up, you can buy Bitcoin by placing an order on the exchange.

Is investing in Bitcoin safe?

Investing in Bitcoin carries risks. The market is highly volatile, and prices can fluctuate dramatically. Security is also a concern. It is essential to store your Bitcoin in a secure wallet. Additionally, industry experts recommend using reputable exchanges and enabling two-factor authentication to protect your investments.

What are the benefits of investing in Bitcoin?

1. Accessibility: Bitcoin is accessible to anyone with an internet connection.
‍
2. Decentralization: Bitcoin operates independently of traditional financial systems.
‍
3. Diversification: Adding Bitcoin to your portfolio can diversify your investments.
‍
4. High Returns: Bitcoin has historically provided substantial returns.

What are the risks of investing in Bitcoin?

1. Market Manipulation: The market can be manipulated by large players.
‍
2. Regulatory Risks:
Government regulations can impact Bitcoin’s value and legality.
‍
3. Security Risks:
Hacks and scams are prevalent in the crypto space.
‍
4. Volatility:
Bitcoin prices can be extremely volatile.

How do I store Bitcoin safely?

Store your Bitcoin in a secure wallet. There are two types of wallets:
‍
1. Hot Wallets: These are connected to the internet and are more convenient for frequent transactions but less secure.
‍
2. Cold Wallets: These are offline and provide higher security, ideal for long-term storage. Examples include hardware wallets like Ledger and Trezor.

What are the tax implications of investing in Bitcoin?

Bitcoin is considered property for tax purposes in many countries. This means you’ll need to report capital gains or losses when you sell Bitcoin. Regulations vary by country, so it’s important to consult with a tax professional.

How can I learn more about Bitcoin and investing in cryptocurrencies?

There are numerous resources available:

1. Books: “Mastering Bitcoin” by Andreas M. Antonopoulos

2. Websites: CoinDesk, CoinTelegraph

3. Courses: Online courses on platforms like Coursera and Udemy

4. Forums and Communities:
Reddit (r/Bitcoin) and other crypto forums

Is Bitcoin a Good Investment?

Investing in Bitcoin is a personal decision and depends on your risk tolerance, financial goals, and investment strategy. It’s essential to do your own research and consult with financial advisors to make informed decisions.

Can Bitcoin be used as a payment method?

Yes, many merchants and businesses accept Bitcoin as a payment method. It is also possible to use Bitcoin to pay for services and goods online and in person. However, its use as a currency is still limited compared to traditional currencies.

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