Your Company's Balance Sheet Is Doomed Without Bitcoin

Why It Matters

The piece contends that widespread corporate Bitcoin allocation could materially reshape corporate finance and investor expectations for balance‑sheet management.

Summary

In an opinion piece, Musqet founder David Parkinson argues that corporate treasuries must adopt Bitcoin to protect balance sheets from monetary debasement, warning that traditional cash-heavy strategies risk underperformance and potential fiduciary breaches. He notes public companies now hold over one million BTC—roughly $120 billion as of October 2025—and points to Strategy owning more than 3% of Bitcoin supply as evidence of a broader shift. Parkinson says Bitcoin treasuries unlock capital‑markets advantages (equity issuance at NAV premiums, cheap convertible debt) and that improving custody, reporting and market infrastructure makes corporate adoption self‑reinforcing. The piece contends that widespread corporate Bitcoin allocation could materially reshape corporate finance and investor expectations for balance‑sheet management.