Bitcoin Treasuries

Market analysts are projecting that the 10-year US Treasury yield could climb to 6%, a level not seen in years. Commentators argue that Bitcoin investors should not panic over rising yields, pushing back against the view that higher bond returns would necessarily draw money away from crypto assets.

Tap Global has purchased 3 bitcoin to hold on its balance sheet as part of a treasury reserve strategy. The move puts the company alongside a growing list of firms adding cryptocurrency to their reserves, though the small size of the purchase stands out. Details on the purchase price, funding and broader treasury plans have not been disclosed.

Bitcoin is trading around $84,000, holding steady as US Treasury yields remain near multi-year highs. Elevated yields typically pressure risk assets like cryptocurrencies by making safer bonds more attractive, yet Bitcoin has so far avoided a sharp selloff. Market watchers are weighing whether the cryptocurrency can keep its footing if borrowing costs stay elevated for longer.

Bitcoin outperformed gold as US Treasury yields climbed to their highest levels since 2007. The move is being read as a sign that investors are treating the cryptocurrency as a hedge or alternative asset during a period of rising borrowing costs and pressure on traditional safe havens. Commentators are debating whether bitcoin can keep holding up if elevated yields persist.

Hyperscale Data has disclosed that it holds $56 million in cash and Bitcoin, according to a Seeking Alpha report. The announcement gives investors a snapshot of the company's liquidity and its exposure to cryptocurrency alongside its data center business. The split between cash and Bitcoin was not detailed.

Bitcoin climbed back to $84,000 after the US 30-year Treasury bond yield reached its highest level in 24 years. The rebound came as traders weighed the implications of surging long-term borrowing costs for risk assets, with some viewing bitcoin as a hedge against fiscal and inflationary pressure while others remain cautious about tightening financial conditions.