### Midcap Firms and Nonprofits Embrace Bitcoin for Treasury Management

Summary:
Abra CEO Bill Barhydt has highlighted a growing trend where midcap companies and nonprofit organizations are increasingly converting their cash reserves into Bitcoin (BTC). This strategy, inspired by MicroStrategy, is driven by concerns over the depreciation of traditional cash holdings. By reallocating to Bitcoin, these entities aim to hedge against inflation and benefit from potential long-term appreciation. Nonprofits, in particular, are now viewing Bitcoin as a viable treasury asset and are leveraging it as collateral to finance operations while protecting their funds from fiat currency depreciation. This shift underscores a broader acceptance of digital assets in financial markets, enhancing portfolio diversification and financial resilience.