The conference selected Sygnum Bank, a Swiss-regulated digital asset banking group and long-time collaborator, to oversee the new crypto reserve.
Nicolo Stoehr, CEO of CfC St. Moritz explained that the bank’s strong regulatory standing and established infrastructure make it a trusted custodian.
Stoehr added that Bitcoin is more than a speculative investment. It represents “decentralization, resilience, and trust,” he writes, adding that the reserve is intended to safeguard the event’s future and underline its commitment to the crypto ecosystem.
Bitcoin Treasury Adoption Slows
This decision comes amid a broader trend of companies turning to Bitcoin for treasury diversification. Data from BitcoinTreasuries.net shows that 192 public firms collectively hold about 1,032,627 BTC, valued at more than $116 billion at current prices.
Recent data also shows momentum slowing. Since a July peak of 21 new corporate adopters, monthly adoption has dropped by about 95%.
Several companies, like Metaplanet, have seen a decline in their share values amid the recent Bitcoin price volatility.
Balancing Risks and Opportunity
CfC St. Moritz acknowledges the potential downsides of holding Bitcoin but argues that fiat currencies carry their own long-term risks, such as debt expansion.
The conference’s leadership believes that if a treasurer’s role is to preserve purchasing power, exploring Bitcoin as part of a diversified reserve is worth considering.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.