“No More Simple Holding” Institutions Must Actively Manage Bitcoin to Survive
“No More Simple Holding” Institutions Must Actively Manage Bitcoin to Survive
Calls are growing within the industry for companies to move away from a “passive strategy” of simply purchasing and holding Bitcoin (BTC) and instead transition to “active capital management” that generates returns by leveraging decentralized finance (DeFi) infrastructure.
According to cryptocurrency media outlet Cointelegraph on February 6 (local time), Patrick Ngan, Chief Investment Officer (CIO) of Zeta Network Group, stated, “The era of corporate Bitcoin accumulation is over,” adding that “simple holding amounts to negligence in capital management.” He argued that while buying Bitcoin itself may have been innovative in 2020, in 2026 merely locking it away in a vault creates opportunity costs and becomes a form of “capital liability.”
CIO Ngan emphasized that Bitcoin should be actively utilized in the same way as traditional corporate treasury management. Companies invest idle cash in yield-bearing assets such as short-term government bonds or commercial paper to maintain liquidity while earning interest. He criticized the notion by saying, “Holding $50 million worth of Bitcoin without generating any return cannot be considered efficient asset management.”
He also noted the maturation of compliant DeFi infrastructure, explaining that an environment has now been established in which companies can operate Bitcoin safely. Unlike past uncollateralized lending protocols, fully collateralized Bitcoin yield platforms equipped with proof-of-reserves and audit systems have emerged. These platforms, he said, meet the standards of boards and audit committees and can transform Bitcoin into a productive collateral asset on corporate balance sheets.
In practice, some Nasdaq-listed companies are already seeking differentiation by converting a portion of their Bitcoin holdings into yield-generating products. “Competition among Bitcoin-holding companies is shifting from ‘who has more’ to ‘who uses it better,’” CIO Ngan assessed. He added that Metaplanet, which recently accumulated approximately $633 million worth of Bitcoin to become the world’s fifth-largest corporate holder, will also find that strategies going beyond simple holding are key to enhancing corporate value.
Looking ahead, the market is expected to split between companies that merely hold Bitcoin and those that generate additional returns from it. Static strategies that leave assets idle are likely to be discounted by the market, while companies that establish sophisticated management strategies are expected to earn greater trust from investors.
*Disclaimer: This article is for investment reference only, and no responsibility is taken for investment losses based on its content. The information should be interpreted solely for informational purposes.*
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