Interest in digital assets among corporations is accelerating, as more publicly listed firms are adding Bitcoin and Ethereum to their balance sheets, according to the most recent weekly report from Binance Research.
Binance revealed that upwards of 117 publicly traded companies now collectively possess more than 800,000 BTC, with recent entrants such as Trump Media & Technology Group, which unveiled a $2.5 billion Bitcoin strategy supported by 50 institutional backers.
The report also highlighted Ethereum’s expanding role in corporate treasuries, citing SharpLink’s launch of a $425 million ETH strategy, guided by Consensys co-founder Joseph Lubin.
Markets Show Uncertain Sentiment
Although institutional interest continued to rise, overall market sentiment stayed uncertain. Bitcoin (BTC) retreated by 5% over the week, as selling to lock in profits and shifts across asset classes placed downward pressure on its price.
Ethereum slipped by 1%, and altcoins similarly pulled back from previous highs. Binance linked the dip to shifting capital flows and a cautious outlook driven by ongoing macroeconomic uncertainty.
Short-term sentiment improved due to a boost in U.S. consumer confidence and multiple trade truce declarations. However, the long-term outlook remains uncertain, weighed down by increasing U.S. bond yields, a disappointing 0.2% GDP contraction in Q1, and the recent passage of a U.S. tax bill expected to increase national debt by $4 trillion over the coming ten years.
Binance pointed out that spot Bitcoin ETFs experienced ten consecutive days of inflows before seeing a reversal on May 29, indicating continued demand beneath the surface but reflecting a delicate investor sentiment.
Furthermore, Bitcoin continues to show a strong correlation with U.S. equities, especially within the technology sector. At the same time, gold ETFs have been experiencing steady outflows, indicating a change in investor risk appetite.
Federal Reserve Signals Caution
The minutes from the Federal Reserve, published this week, underscored a cautious approach, as officials cautioned about “difficult trade-offs” that could arise should inflation begin to climb again.
Projections for interest rate reductions have been adjusted lower, with fewer than two cuts now anticipated for 2025—declining from the four cuts that had been expected earlier in the month.
In the coming days, investors plan to closely monitor major U.S. economic indicators, including April’s PCE inflation figures, Powell’s comments scheduled for June 2, and the European Central Bank’s policy announcement on June 5.
The crypto industry will turn its attention to Bitcoin Seoul 2025, launching on June 4, which may provide additional insights into institutional participation and the broader trajectory of long-term adoption.
Binance concluded that although corporate uptake of digital assets is rapidly advancing, significant structural risks persist—especially among newer companies that lack robust risk management frameworks and are heavily reliant on crypto-related valuations.
