Bitcoin News Today: Bitcoin's Treasury Revolution Challenges Fed's Monetary Blueprint

The increasing Bitcoin treasury of Strategy Inc. (MSTR) has sparked renewed scrutiny of the U.S. Federal Reserve’s monetary policy approach, with critics arguing that the company’s digital asset-backed balance sheet is outperforming traditional central banking models. As of June 30, 2025, Strategy held 597,325 Bitcoin, with year-to-date BTC Yield standing at 19.7%, a key performance indicator measuring the growth of Bitcoin relative to diluted shares outstanding. This significant exposure, coupled with the adoption of new fair-value accounting standards in January 2025, has allowed the firm to recognize substantial unrealized gains, contributing to record profitability and positioning it for potential inclusion in the S&P 500 index [1].

The company reported $14 billion in operating income and $10 billion in net income for the second quarter of 2025, marking a sharp contrast to previous years when impairment charges linked to Bitcoin holdings negatively impacted earnings. These gains reflect a broader trend of growing institutional interest in Bitcoin as a reserve asset, with Strategy emerging as a notable example of a firm leveraging digital assets for corporate treasury management [1]. Management has raised full-year 2025 guidance to $34 billion in operating income and $24 billion in net income, assuming a year-end Bitcoin price of $150,000 [1].

Pierre Rochard, CEO of The Bitcoin Bond Company, has drawn comparisons between Strategy’s balance sheet and the Federal Reserve’s monetary framework, calling the latter “outdated and underwhelming” in comparison to Strategy’s “full reserve banking” approach. Rochard argues that Strategy’s Bitcoin-backed model provides transparency, yield, and stability that traditional central banking mechanisms, such as the Fed’s fractional reserve system, currently lack [3]. With Bitcoin’s price hovering around $111,500 as of late August, the debate over the central bank’s role in digital asset management has intensified [3].

Federal Reserve Chair Jerome Powell has firmly rejected calls for the central bank to hold Bitcoin, stating that legal constraints prevent such action and expressing no intention to advocate for changes to the law. Meanwhile, the Fed is expected to announce a rate cut at its September 2025 meeting, despite inflation remaining above its 2% target. The divergence between Strategy’s performance and the Fed’s policy outcomes has raised questions about the long-term viability of existing monetary frameworks in the face of digital asset adoption [3].

Strategy’s potential inclusion in the S&P 500, which is under consideration for the September 2025 rebalance, could serve as a milestone in the institutionalization of Bitcoin as a corporate asset. The company meets all S&P 500 requirements, including positive earnings, sufficient market capitalization, and trading volume. If approved, it would mark the first time a company with a Bitcoin treasury is added to the benchmark index, further embedding digital assets within traditional financial markets [1].

Source:

[1] Strategy Qualifies for S&P 500, Inclusion Decision Awaits (https://www.coindesk.com/markets/2025/09/01/strategy-qualifies-for-s-and-p-500-inclusion-decision-could-come-on-friday)

[2] MicroStrategy (MSTR) Qualifies for S&P 500, Inclusion... (https://www.reddit.com/r/CryptoCurrency/comments/1n6mht8/microstrategy_mstr_qualifies_for_sp_500_inclusion/)

[3] Strategy's Bitcoin Treasury Puts Fed's Approach Under... (https://coindoo.com/strategys-bitcoin-treasury-puts-feds-approach-under-spotlight/)