Dominari Holdings has unveiled its “Dominari Bitcoin Treasury” approach, directing a segment of its cash reserves into Bitcoin (BTC).
The company is investing a portion of its surplus cash and profits into BlackRock’s iShares Bitcoin Trust ETF, which currently stands as the largest Bitcoin ETF globally.
They have already committed $2 million to this Bitcoin (BTC) initiative, with plans to augment their holdings as cash reserves continue to grow. The company intends to carry on with this strategy as its cash reserves expand.
Traditional finance is incorporating Bitcoin into their reserves
Investing in Bitcoin ETFs, like IBIT, allows firms to gain exposure to the advantages of Bitcoin without the intricacies of direct ownership, including custody and security issues.
KULR Technology Group exemplifies this trend, having recently boosted its Bitcoin holdings to 668.3 BTC after acquiring an additional $5 million at an average price of $88,824 per BTC.
KULR, which committed in December 2024 to allocating up to 90% of its surplus cash to Bitcoin, has reported a remarkable 181.1% yield on BTC year to date.
As more corporations implement similar treasury strategies, the merging of digital assets with traditional finance is gaining momentum.