Dominari Holdings Launches Bitcoin Treasury Strategy, Allocating a Portion of Its Cash Reserves to Bitcoin (BTC)

Dominari Holdings has launched its “Dominari Bitcoin Treasury” strategy, allocating a portion of its cash reserves to Bitcoin (BTC).

Dominari Holdings Inc (NYSE:DRIV) has announced the launch of its “Dominari Bitcoin Treasury” strategy, which will see the company investing a portion of its cash reserves into Bitcoin (BTC) through an ETF.

The company will invest part of its excess cash and earnings from time to time into BlackRock, Inc.’s (NYSE:BLK) iShares Bitcoin Trust ETF (NYSE:IBIT), currently the world’s largest Bitcoin ETF.

So far, Dominari has invested $2 million of its own funds to kickstart this initiative and plans to increase its holdings as cash reserves grow. The company has “plans to continue this practice as the Company’s cash reserves continue to grow.”

Earlier this year, several firms, including MicroStrategy Inc (NASDAQ:MSTR) and Semler Enterprises, disclosed significant investments in Bitcoin.

These companies, which also factor in macroeconomic trends like inflation and currency debasement, have opted to allocate a portion of their treasury assets to the cryptocurrency.

In March, IBIT became the world’s largest Bitcoin ETF after reaching an outstanding net asset value (NAV) of $1 billion.

Several other companies are also making significant commitments to Bitcoin. For instance, KULR Technology Group (NASDAQ:KTECH) recently announced an increment to its Bitcoin investment.

KULR disclosed an investment of an additional $5 million in IBIT at an average price of $88,824 per Bitcoin for a total of 56.25 new IBIT units.

Following this purchase, KULR’s total Bitcoin holdings have increased to 668.3 BTC, and its total investment in IBIT stands at $59.3 million.

Back in December 2024, KULR pledged to funnel up to 90% of its surplus cash into IBIT.

KULR Technology Group is a leading innovator in critical thermal management and energy storage solutions, catering to high-growth industries like aerospace, e-mobility, and consumer electronics. The company also plays a role in advancing the adoption of next-generation technologies, such as solid-state batteries and fuel cells.

As more corporations adopt similar treasury strategies and allocate portions of their cash reserves to cryptocurrencies, the integration of digital assets into traditional finance is sure to accelerate.