Corporate Bitcoin Adoption Is Balance-Sheet Roulette — Proceed with Caution

I think corporate Bitcoin adoption is a dangerous move for many companies — it converts operational balance sheets into de facto crypto trading desks and amplifies earnings volatility.

Companies holding meaningful BTC expose shareholders to price swings, uncertain accounting standards, tax complexity and heightened regulatory scrutiny, which can erode capital available for core business investment.

As an investor, I would treat corporate Bitcoin allocations as a risk signal rather than a catalyst for long-term upside unless management clearly demonstrates disciplined sizing, transparency and hedging.