The post Corporate Bitcoin (BTC) Treasuries Could Raise Credit Risks, Morningstar DBRS Says appeared on BitcoinEthereumNews.com. The corporate use of cryptocurrencies is evolving beyond payments, with a number of businesses adopting bitcoin BTC$115,244.11 and other digital assets as core treasury reserves. A report Thursday from rating company Morningstar DBRS cautions that this strategy could heighten credit risk profiles. According to BitcoinTreasuries.net, roughly 3.68 million BTC (worth about $428 billion as of Aug. 19) are held across companies, exchange-traded funds (ETFs), governments, decentralized finance (DeFi) protocols and custodians. This is about 18% of bitcoin’s circulating supply. Funds dominate with 40% of holdings, followed by public companies at 27%. That exposure remains highly concentrated. One firm, Strategy (MSTR), controls over 629,000 BTC, accounting for 64% of all public-company treasury holdings, the report noted. Morningstar DBRS highlighted a range of vulnerabilities in corporate crypto treasury strategies, including regulatory uncertainty, liquidity challenges during periods of volatility and exposure to exchange counterparties. Heavy reliance on bitcoin reserves could strain liquidity management, while the asset’s sharp price swings add further risk. The firm also noted that different tokens carry distinct technological and governance issues, and custody, whether handled in-house or through third parties, remains a critical security concern. Corporate adoption of crypto treasury strategies is expected to grow, led by companies like Strategy and MARA Holdings (MARA). Morningstar DBRS warned that concentration, volatility, and regulatory complexity mean such strategies could materially reshape how credit markets assess corporate risk. Read more: Bitcoin Treasury Firm Semler Scientific Still Has 3X Upside: Benchmark Source: https://www.coindesk.com/markets/2025/08/21/corporate-bitcoin-treasuries-could-raise-credit-risks-morningstar-dbrs-saysThe post Corporate Bitcoin (BTC) Treasuries Could Raise Credit Risks, Morningstar DBRS Says appeared on BitcoinEthereumNews.com. The corporate use of cryptocurrencies is evolving beyond payments, with a number of businesses adopting bitcoin BTC$115,244.11 and other digital assets as core treasury reserves. A report Thursday from rating company Morningstar DBRS cautions that this strategy could heighten credit risk profiles. According to BitcoinTreasuries.net, roughly 3.68 million BTC (worth about $428 billion as of Aug. 19) are held across companies, exchange-traded funds (ETFs), governments, decentralized finance (DeFi) protocols and custodians. This is about 18% of bitcoin’s circulating supply. Funds dominate with 40% of holdings, followed by public companies at 27%. That exposure remains highly concentrated. One firm, Strategy (MSTR), controls over 629,000 BTC, accounting for 64% of all public-company treasury holdings, the report noted. Morningstar DBRS highlighted a range of vulnerabilities in corporate crypto treasury strategies, including regulatory uncertainty, liquidity challenges during periods of volatility and exposure to exchange counterparties. Heavy reliance on bitcoin reserves could strain liquidity management, while the asset’s sharp price swings add further risk. The firm also noted that different tokens carry distinct technological and governance issues, and custody, whether handled in-house or through third parties, remains a critical security concern. Corporate adoption of crypto treasury strategies is expected to grow, led by companies like Strategy and MARA Holdings (MARA). Morningstar DBRS warned that concentration, volatility, and regulatory complexity mean such strategies could materially reshape how credit markets assess corporate risk. Read more: Bitcoin Treasury Firm Semler Scientific Still Has 3X Upside: Benchmark Source: https://www.coindesk.com/markets/2025/08/21/corporate-bitcoin-treasuries-could-raise-credit-risks-morningstar-dbrs-says

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more