Bitcoin Adoption Grows Among Businesses, River Reports

According to PANews, Bitcoin financial services company River has revealed that its corporate clients are reinvesting an average of 22% of their profits into Bitcoin, indicating a growing grassroots adoption of the cryptocurrency. In a report released on Wednesday, River's research analyst Sam Baker highlighted that real estate companies are the largest adopters among River's clientele, with nearly 15% reinvesting in Bitcoin. Clients from the hospitality, finance, and software sectors allocate between 8% and 10% of their profits to Bitcoin, with even fitness studios joining the trend. Baker noted that by 2025, these types of businesses have acquired 84,000 Bitcoins, accounting for approximately a quarter of the total institutional and corporate reserves. He suggested that smaller businesses find it easier to adopt Bitcoin due to fewer barriers, while larger corporations tend to follow traditional practices and avoid controversy, resulting in minimal Bitcoin holdings among S&P 500 companies. River's findings also indicate that over 40% of businesses are investing between 1% and 10% of their profits in Bitcoin, reflecting a significant interest in the cryptocurrency across various industries.