币界网报道：Corporate treasuries are increasingly adopting active Bitcoin strategies to enhance capital efficiency, moving beyond passive holding approaches. Major firms like MicroStrategy and Tesla now employ dynamic management techniques including dollar-cost averaging, rebalancing, and hedging to optimize returns on their BTC reserves. MicroStrategy's CFO Phong Le revealed the company has developed proprietary software for real-time monitoring and automated trading of its $13.5 billion Bitcoin position. Treasury management platforms like BitGo and Fidelity Digital Assets report growing demand for institutional-grade tools enabling yield generation through lending and staking while maintaining custody security. "We're seeing treasuries treat Bitcoin as a productive asset rather than just a store of value," noted BitGo's CEO Mike Belshe. Some corporations are allocating portions of their BTC holdings to DeFi protocols, though regulatory uncertainty remains a concern. The shift comes as public companies collectively hold over $30 billion in Bitcoin, with analysts predicting this figure could double within two years as more S&P 500 firms add crypto to balance sheets. Critics warn about volatility risks, but proponents argue active strategies help mitigate price swings while capturing upside potential. The trend reflects maturing institutional infrastructure and growing acceptance of Bitcoin as a legitimate treasury asset class.